When it comes to a Professional Indemnity claim, you need to notify your Insurers of any claims or ‘circumstances’ that may develop into a claim against you within the timescale stated within your policy. It is usually easy to identify a claim as there will often be a clear indication from a claimant of their …
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’ll discuss within this article why accountants need professional indemnity insurance, what a policy can protect them from, …
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 …
Professional Indemnity Insurance is different to other types of insurance in the sense that you will be given a range of limits to choose from rather than being given a standard limit of cover (the maximum amount your insurer will pay out). Below we have outlined three ways in which you can work out how …
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, …
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 …
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 …
Over the last week, the news has been full of people discussing the devastating fire that started on Monday 15th April in Notre-Dame Paris, France. Notre Dame Cathedral was consumed by a fire last week which claimed the famed cathedral’s roof and spine. France is in mourning following the incident and affected French citizens and companies …
Table of Contents Many property owners still widely hold the belief that the market value of their property is the amount that they should insure their property for. Rarely will you find that the market value is the same as the rebuild cost of the property, which could leave the property owner under insured in …