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... indemnity market and generally the basic response appears to be that insurers are happy to provide cover for the duties imposed by the role of Principal Designer, however, they will expect the insured ...
... for pension scheme trustees? Posted to our websiteReplyProfessional Indemnity Insurance or Errors and Omissions insurance as it can be known is a claim made liability insurance which protects the insured ...
... insured becomes aware of them, not at the time the error or negligent act took place.  Whilst you may hold Professional Indemnity Insurance at the time a claim or the threat of a claim is made, this ...
I have been asked on many occasions why a Professional Indemnity Insurer or their legal representatives may ask the policy holder/insured to pay the VAT element of the legal costs of a claim, whether the ...
5. Contractors Insurance
(site sections/Sectors Covered)
... that contractors work on a never ending series of short-term projects, however, that is not necessarily the case and we have insured contractors who have remained with the same client for a long time. ...
6. Hammond Legal Support
(site sections/Resources)
... profile insured losses of the past few years. Almost all of our work involves working together with insurance brokers to resolve disputes between policyholders and insurers, and we are proud to be the ...
7. Actuaries
(site sections/Sectors Covered)
... Licensed Firms shall effect and maintain Professional Indemnity Insurance. Sum Insured – Not less than the lower of the following two figures: £5,000,000 or £250,000 per relevant person in the ...
8. Monthly Professional Indemnity Insurance policies
(Blog Articles/PI News Related)
... Insurers will rely on you the insured to inform them of any material changes to the information they have been given promptly, as there is not going to be an annual proposal form. The declaration will ...
9. Accountants (Members of AAT, CIOT and ATT)
(site sections/Sectors Covered)
... made against you, irrespective of whether you had PI when you carried out the work in question, you will not be insured. You should therefore maintain PI insurance for some time after you have completed ...
10. The RICS Valuer Registration Scheme and PII
(Blog Articles/PI News Related)
... £1million if turnover exceeds £200,000) The limit of indemnity should be on an each and every claim basis Uninsured excess of a maximum of 2.5% of the limit of indemnity or £10,000 For firms in the ...
11. Changes to the Tenancy Deposit Scheme
(Blog Articles/Broker)
... likely to be awarded legal costs. Whilst Professional Indemnity Insurance does not cover these type of penalties and therefore any direct claim by a tenant against the Letting agent (The insured) will ...
A number of leading Insurers are starting to add the option of Cyber Liability Cover to Professional Indemnity Insurance. Cyber extensions can provide: Repair or replacement of insured’s website ...
13. New Issue of Coverstory dispatched
(Blog Articles/PI News Related)
... Indemnity Insurance so we know our markets and know how to offer solutions to our insureds needs and requirements. Part of this service is the provision of our much enjoyed newsletter “Coverstory” and ...
14. Indemnity market must be liberalised
(Blog Articles/PI News Related)
... England and Wales have to renew their PII by 1 October, but last week insurer Zurich, which insured 13 per cent of law firms in England and Wales in 2009/10, said it will reduce its participation in the ...
15. Town Planners
(site sections/Sectors Covered)
...  two and a half times the gross income for each and every claim if it was between £40,000 and £200,000; or £500,000 for each and every claim if more than £200,000. The policy must have a maximum uninsured ...
16. Town Planners
(site sections/Sectors Covered)
... be taken as an insurer will expect their insureds to advise before incepting the policy if any aspect of their work is anything other than generic town planning. What type of cover will I need? Member ...
17. Genealogists
(site sections/Sectors Covered)
... with agreements such as collateral warranties (see construction professions) Insolvency / bankruptcy of insured Fines and penalties Claims by financially associated parties - some insurers will ...
18. PI Express
(site sections/Quotes)
... are based on a standard Insured’s Contribution of £500 each and every claim. View rates  ...
19. Acoustic Consultants
(site sections/Sectors Covered)
... activities undertaken by the insured and will calculate an applicable rate. This rate will also take into account past claims experience and the underwriter's attitude towards the risk as a whole. This ...
20. Run off PI
(site sections/Sectors Covered)
... of any note being that as the insured is no longer practicing. The policy will not provide cover for work undertaken after the run off endorsement date and the policy will only provide indemnity for work ...
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