The owner of a law firm in Ormskirk, West Lancashire has been forced into insolvency after a judge awarded £148,000 in compensation to 21 former employees. The Kennedy Partnership, run by senior partner Stephen Hathway, closed down suddenly back in October 2009 due to trouble paying insurance premiums. The law firm’s employees were reportedly given …
Large businesses and corporations have the benefits of experience, seemingly limitless finances, a vast legal team and the most comprehensive professional indemnity insurance policy money can buy. Small and medium sized businesses, however, do not and as such are extremely vulnerable. Whilst a large company would be able to withstand the costs and reputational damage …
Following a recent high-profile scam where the chairman of the British National Martial Arts Association (BNMAA) conned members out of around £180,000, the National Association of Karate and Martial Arts Schools (NAKMAS) is warning clubs of the importance of professional indemnity insurance cover. Chairman of the now disbanded BNMAA, Paul Griffin, ran the organisation from …
Vanessa Peronncel, the model accused of having an affair with England and Chelsea footballer John Terry, reportedly said she is suing media outlets who ran the story for defamation, as she claims it never happened and that her character has been publicly damaged. This story was all over the newspapers and gossip magazines when John …
With a high-ranking, decision-making position within a company also comes a great deal of responsibility, as well as some degree of risk. This is why directors and officers need to be doubly certain that they are covered in the case of legal disputes and investigations over negligence, fraud or other wrongful behaviour, especially as the …
A County Dublin couple are filing a suit against the Bank of Ireland as they believe that the bank’s advice led them to lose 22,000 Euros. If successful, the bank will need to rely on its professional indemnity insurance to cover the costs of any compensation they may be asked to pay. The couple, Louis …
The unique thing about professional indemnity insurance is that it covers your business for a wide variety of legal complaints. This includes cover for legal costs and compensation payouts over lawsuits relating to negligence, loss of documents, breach of duty, dishonesty and breach of confidentiality. Another aspect that is taken care of is defamation, covering …