Category: PI Insurance
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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What does it all mean?
So many people requesting Public liability when they really mean Professional Indemnity, Employment Practices Liability when they really mean Employers Liability. I hope this helps. So what are these covers and what do they do? Professional indemnity: This protects you against your legal liability toward a third party. So if you, or an employee, make […]
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PI Premiums are on the rise – forewarned is forearmed!
There are changes afoot within the professional indemnity insurance market and PI premiums… Much has been made of the Grenfell tragedy which looks set to trigger significant claims and payments within the insurance market. The professional indemnity insurance market has never been fully comfortable with cladding exposures and, unfortunately, the horrific events surrounding Grenfell confirmed […]
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Reasons why NOT to buy PI Insurance
1. You have a cost effective lawyer on speed dial How convenient! This is something we all wish for but unless you are getting your legal services for free this is not the case. You will never be able to know exactly how much legal services cost in the event of defending a claim. They […]
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Why should builders have Professional Indemnity Insurance?
We specialise in professional indemnity insurance for builders and the construction industry. In this post we address a number of the reasons that contractors and sub-contractors in the construction industry may feel they don’t need PI insurance. “Professional indemnity is a waste of money why should I bother with it?” Often construction clients may feel […]
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Are Technology Firm’s offering a product or service, and does your PI insurance cover both?
Products and services are two areas where we think the differences are obvious, but in terms of your PI Insurance is this really the case? Often it can be confusing when determining whether something is a service or a product. There are many situations where this can be easily identifiable and some situations where it […]
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