Supreme Court judgement has key implications for Professional Indemnity claims
A landmark Supreme Court judgement in favour of a housebuilding giant has significant implications for firms engaged in legacy projects who will now face renewed reputational and litigation risk, especially for high-rise or multi-occupancy residential buildings. The ruling in BDW Trading Ltd (Barratt) v URS Corporation Ltd has key repercussions for Professional Indemnity (PI ) […]
Professional Indemnity Insurance vital for Businesses
In an increasingly complex and litigious business environment, Professional Indemnity Insurance (PII) is no longer just a consideration it is a necessity. Whether you’re a consultant, contractor, designer, or adviser, even spurious allegations of a professional error or omission, can be very expensive to defend, let alone pay for damages that may be awarded. Last […]
Essentials of insuring data protection risks
Insuring data risks can appear daunting with businesses needing to satisfy a range of obligations in terms of compliance, storage, access, and reporting when data breaches occur. Therefore, it is essential for businesses to meticulously review their insurance policies. In 2024 the ICO , the UK’s data protection regulator, completed 36,049 data protection complaints and […]
Consultation triggers changes to Professional Indemnity Insurance for accountants
Modified changes to professional indemnity insurance arrangements for accountants in the UK have been instigated following a consultation process, including the withdrawal of an extension of non-cancellable run-off cover and insurers having to meet unpaid excess. The International Underwriting Association (IUA) had strongly disagreed with suggestions firms should have non-cancellable run-off cover of six years. […]
Defamatory allegations can cause serious reputational damage
The impact of defamatory allegations against a corporation or business can be significant with reputational damage and a loss of customer confidence. Libel, Slander and Defamation are legal exposure which can be insured as part of a Professional Indemnity Insurance, either as extensions to a `negligent act error & omissions wording’, or as being included […]