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Flood prevention could have Professional Indemnity Insurance implications

The Statement of Principles (SoP) - an agreement between central government and the insurance industry whereby insurers commit to provide cover in return for guaranteed government investment in flood protection measures – is to come to an end in 2013 after 13 years. Not surprisingly, the decision has started a wide-ranging debate.

One approach being suggested is to encourage home an » read more

19/07/2011 Categories: Professional Indemnity Insurance,Indemnity Insurance by Indemnity Insurance Company
Money to transfer? Check your chosen broker has professional indemnity cover

A recent article posted in offers some sound advice on how to choose a money transfer broker. After all, there’s plenty of choice in the market.

In a list of points that includes checking the broker is authorised by the FSA and that client money is held in a designated client account, the article also recommends that you should definitely make sure the broker has rob » read more

06/05/2011 Categories: PI Insurance Cover by Professional Indemnity Insurance Brokers
Better public liability protection for BECTU’s freelance members

In an earlier blog post, we reported on the potential public liability problems that some freelance members of the entertainment technicians’ union BECTU were facing. Well, the union has now announced that it has improved the group public liability insurance offering.

The issue had centred on who was responsible for providing insurance cover for equipment in a freelancer’s ‘custody » read more

05/05/2011 Categories: PI Insurance, Public Liability Insurance by Professional Indemnity Insurance Brokers
Irish Professional Indemnity Insurance fund faces wind down

Further news has been reported of the difficulties facing the Solicitors Mutual Defence Fund, the not-for-profit fund established in 1987 to provide solicitors in Ireland with professional indemnity insurance at the cheapest rates possible.

According to, a Special Meeting of Ireland’s Law Society has been called to consider the winding down of the Fund. Citing the Iri » read more

03/05/2011 Categories: PI Insurance by Professional Indemnity Insurance Brokers
Proposals for solicitors’ Professional Indemnity Insurance judged “inadequate”

According to, the Association of British Insurers (ABI) has judged the reforms to the Assigned Risks Pool (ARP) proposed by the Solicitors Regulation Authority (SRA) to be “inadequate”.

The ABI believes that the ARP should be closed this year rather than waiting until October 2013. And, further, that the fixed minimum terms and conditions laid down by the SRA sh » read more

28/04/2011 Categories: Indemnity Insurance by Professional Indemnity Insurance Brokers
EC sets minimum Professional Indemnity Insurance requirements for mortgage broke

The European Commission is setting new rules for mortgage brokers. In addition to having a clean police record in terms of property and other financial crimes, and no history of un-rehabilitated bankruptcy, they will be obliged to hold an appropriate level of professional indemnity insurance. Appropriate? The EC is still in the process of drafting regulatory standards that will specify the amount » read more

20/04/2011 Categories: Indemnity Insurance Premiums by Professional Indemnity Insurance Brokers

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