Insurance flowchart highlighting different protection offered by an insurance policy used to indicate that professional indemnity insurance run off cover can be used to protect your business from claims after the business ceases to trade.

Why Is Professional Indemnity Run Off Cover Important?

In this article we discuss why you should maintain your Professional Indemnity Insurance after you retire, close or sell your business. Table of Contents If you’ve decided to retire, close your business or even sell your business, have you thought about whether you need to continue with Professional Indemnity Insurance? It’s something that we strongly …

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Steel Plant On Fire

The Importance Of Hot Work Permits

It has been hinted at by investigators that the recent Notre Dame fire was the result of hot work as part of a restoration programme. This will not be the first time a fire of this kind has severely damaged or destroyed an iconic building, as so far this year there have been almost 200 …

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Accountant Using Calculator

Do Accountants Need Professional Indemnity Insurance?

Within any profession in which a business is providing advice or a service to a client, it is highly recommended that this type of professional should obtain professional indemnity insurance. Accountancy is one of those professions, and we shall discuss within this article why exactly accountants require professional indemnity insurance, what a policy can protect …

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Photographer Holding Camera

What Type Of Insurance Does A Photography Business Need?

What Insurance Is Required By Law For Photographers? Public Liability If you are a member of the British Institute of Professional Photography or Master Photographers Association, obtaining public liability insurance is compulsory. When you are working out on location or at a client’s premises, if someone is injured, or their property is damaged, you could …

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Risk Management Concept

Top Five Ways To Minimise Risk In Your Business

It is of upmost importance that your business has arranged insurance cover specific to the needs of your business, whether that be professional indemnity, employer’s liability, public and product liability, directors and officer’s liability or office buildings and contents insurance. Within every workplace, risks are always going to present and whilst all cannot be avoided, …

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Team Meeting Having Discussion

When Are Company Directors Personally Liable?

Directors and Officers Insurance (also known as Directors Liability Insurance, D&O Insurance or even Management Liability Insurance) provides an indemnity to directors and senior officers for failure to act according to the best interests of the company, for breach of companies rules and regulations, and indeed any other alleged wrongful act. Taking the right Directors …

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Insurance Concept

A Summary Of The Insurance Act 2015

What Is The Insurance Act 2015? The Insurance Act 2015 is a legislation that came into effect on 12th August 2016. The act is designed to make insurance clearer and fairer by clarifying rules relating to your relationship with your insurer, including when your insurer is allowed to reject a claim. The Act itself however …

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