Blog
Navigating Employment Tribunals: Insights and Protection for Businesses
Recent data published on GOV.UK has unveiled noteworthy trends in the realm of employment tribunals, shedding light on challenges faced by businesses and the importance of proactive protection. In the fourth quarter of 2022, the Employment Tribunal (ET) received 8,100 single claim receipts and successfully resolved 9,000 single claim cases. While these numbers indicate a […]
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Professional Indemnity Policy for Insurance Brokers
What is Professional Indemnity Insurance (PII) for Insurance Brokers? PII for Insurance Brokers is designed to protect such professionals from potential claims made against them by their clients. These claims often stem from perceived professional negligence, such as errors, omissions, or failures to perform their duties. Not only is this insurance legally required for most […]
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Employment Tribunal claims cases in the UK
Employment tribunal claims are not uncommon in recent years, leading many HR companies, HR consultants, and Employment Lawyers seriously consider Employment Tribunal insurance. This type of insurance covers legal costs and expenses incurred in defending or settling employment tribunal claims. The coverage provided by Employment Tribunal insurance typically includes: To emphasize the importance of Employment […]
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10 reasons why you should have Directors & Officers cover in place
There is some mystery and misunderstanding about Directors & Officers insurance. If you run a limited company, a plc or a partnership it is worth considering. As a senior person in a company or partnership here are 10 reasons to consider having D&O cover. 1. Personal Liability – if you are accused of breaching your […]
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New MLP wording
MLP is an insurance product that helps protect directors, managers and commercial businesses from claims alleging ‘wrongful acts’ in the management of a business or the discharging of duties as company directors. In addition to everything previously covered, our new MLP wording responds to existing, past & potential employees. It is divided into two main […]
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Do I really need Management Liability Insurance?
Management Liability Insurance protects company directors, senior managers, and officers if a claim for a wrongful act is brought against them or their company. Here are some examples of what the Management Liability Insurance policy would cover Breach of contract A contract of employment is a legally binding agreement between you and your employee. A […]
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Custodian to launch new MLP product
We are pleased to launch our new Management Liability Product (MLP) and would like to outline how insurance brokers can benefit from offering our product. What is MLP? You know what it means but we would define our MLP as an insurance product that helps protect directors, managers and commercial businesses from claims alleging ‘wrongful […]
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Professional Indemnity Excess Layer product
Custodian Insurance is proud to announce that we are now able to offer you a Professional Indemnity Excess Layer product. As part of our select broker panel, we want to give you the edge, offering you something larger brokers won’t have access to. We believe our Professional Indemnity Excess Layer product does just that. You will […]
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Custodians for our insureds, brokers, and insurers
Service is an easy word to say… But so much harder to deliver. What does it mean? For us, it definitely does NOT mean being all things to EVERYONE or underwriting everything that hits our desk! So, what DOES it mean for us? It’s about being straightforward: we like something – we let you know. […]
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Professional Indemnity Underwriter
This is an excellent opportunity for an Insurance Broker interested in PI underwriting or an existing Underwriter to join our team and help grow the business by underwriting PI.
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