Tag Archives: Professional indemnity insurance
How Underground Cable Strikes can Affect Groundwork Companies.
Underground cable strikes can have catastrophic consequences for groundwork companies, often resulting in significant financial losses and reputational damage. However, with the right insurance coverage, owners of these companies can mitigate their risk and protect themselves from the financial burden that often accompanies such incidents. The Importance of Insurance Coverage As a groundwork company owner,…
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The financial implications of operating without Professional Indemnity Insurance
The financial implications of operating without Professional Indemnity Insurance Operating without professional indemnity insurance leaves your business open to claims and, in turn, huge financial risk. The costs of a claim can quickly reach hundreds of thousands and even millions. Most insurers offer policies which provide cover from an indemnity limit of £50,000 as standard.…
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7 top tips on Professional Indemnity Insurance
Deciding how much professional indemnity cover you need This is a common issue. Ultimately, it depends on your business, your clients and your potential liability. Your professional indemnity insurance needs to be able to cover the total rectification costs of your negligence and the legal costs of a claim against you. Some professional bodies will…
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Ascend 2021 liability insurance masterclass
Liability Insurance – Masterclass “Any One Occurrence” or “in the Aggregate” Liability Policy Limits Cover under a public/products or employers’ liability policy is underwritten on an “any one claim” basis. Professional indemnity is generally offered on an “in the aggregate”, meaning the total limit throughout the duration of the policy. It is…
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Covernotes 2018 Summer Newsletter
Summer 2018 Covernotes Newsletter Please download our 2018 summer newsletter In these covernotes we include: The insurance implications of Britain becoming a nation of fly-tippers Helping to make the Claims experience less painful Data keeping drivers safe on the road by getting to know their good and bad habits Leave no stone unturned with Silicosis…
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Professional Indemnity Insurance
Professional Indemnity (PI) is an essential insurance cover that will protect you against negligence claims from unhappy customers. If you are starting out in business or are an established business providing professional advice for a fee then chances are you will be obliged to take out some kind of business insurance as a condition of…
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Plant Insurance – (the bit that dropped off)
It seems that most Contractors (and their brokers) are quite unaware that the cover they buy for Plant and Hired-in Plant is far from the best. Perhaps 99% of Contractors have their Plant and Hired-in Plant insured under a standard Contractors All Risks policy and if you are one of them just ask yourself, does…
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Business Description – A Cautionary Tale
Does your business description on your policy documentation fully describe all your business activities? We often discover inaccurate or incorrect descriptions which could make a policy void in the event of a claim, we explain more ….. A man is working on a building site somewhere in Essex. A trained operator, he is digging a hole…
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Covernotes Winter 2017 Newsletter
Winter 2017 Newsletter Please download our winter 2017 newsletter Winter covernotes 2017 In this months Covernotes we cover:- Motor Vehicles: the new instruments of terror Weather-proof your business against the winter Social engineering, spear phishing, whaling…the latest trends in cyber-crime Are you GDPR ready? Recovering after a flood How would you handle a product recall?…
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What is a retroactive date on professional indemnity insurance?
If you purchase any kind of professional indemnity insurance then the chances are you will hear the phrase ‘retroactive date’ at some point when arranging your professional indemnity insurance cover. This is an important area which many businesses overlook when placing professional indemnity cover. A retroactive date is generally the date from which you have…
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