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Insurance Articles Archive
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Professional Indemnity Insurance premiums part of the vicious circle affecting
A tale of two cities? It must sometimes seem so to Ireland’s smaller law firms. Whilst for the few, very large, international firms, professional indemnity insurance is easily arranged and, one assumes, the premiums easily absorbed into their overheads, the picture is very different for sole practitioners and the family firms.
As reported on irishtimes.com, the collapse of the prope » read more
05/10/2011 Categories: Professional Indemnity Insurance by PI Insurance Company |
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Italy introduces new rules on Professional Indemnity Insurance
Under a new Legislative Decree in Italy, professional indemnity insurance is to be made compulsory for just about everybody whose work requires them to be members of a recognised professional body. And, not only will they need to have the cover, they will also be required to inform clients of all the relevant details in a letter of engagement.
However, as reported on internationalla » read more
04/10/2011 Categories: Professional Indemnity Insurance by Indemnity Insurance Company |
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Lebanese Insurance Company signs deal with Kuwait Lawyers Association
A Zurich Financial Services Group member, Lebanese Insurance Company Ltd (LIC), has negotiated an exclusive deal with the Kuwait Lawyers Association (KLA). As reported on ameinfo.com, LIC will now be able to offer Zurich’s professional indemnity insurance product to all of KLA’s members with the Association’s endorsement. The advantages to Zurich of this strategic partnership are obvious and the c » read more
03/10/2011 Categories: Professional Indemnity Insurance by PI Insurance Company |
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Professional Indemnity Insurance broker found guilty of fraud
A three year jail sentence was handed down recently at Bolton Crown Court to a fraudulent insurance broker. As reported on thisislancashire.co.uk, Clive Hesketh, who had been trading under the name of Pinnacle Insurance Services, had sold a number of professional indemnity insurance policies to local law firms. But, unfortunately, he failed to pass on the policy premiums to the insurers. Meaning t » read more
30/09/2011 Categories: Professional Indemnity Insurance by PI Insurance Company |
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New help available for law firms struggling to get PI Insurance
The Assigned Risks Pool (ARP) may be set to close on 2013 but the Law Society is still keen to help those law firms that are either trying to avoid relegation to the ARP or trying to get out of it. To that end, the Society has joined forces with Prime Professions to once again offer its SafetyNet scheme. Under the scheme, Prime will work with participating firms to assess their risk profile and th » read more
29/09/2011 Categories: Professional Indemnity Insurance by Indemnity Insurance Company |
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Providers of online legal advice covered by Professional Indemnity Insurance
It seems that there aren’t many services that aren’t available online these days. Divorce-Online.Co.UK and Click Law 24 have come together to offer a new service which, for a flat fee of £50.00, will give its users access to written advice on a variety of legal issues. And the advice, to be given by practicing barristers, will be covered by the barristers’ own professional indemnity insurance. » read more
21/09/2011 Categories: Professional Indemnity Insurance by PI Insurance Company |
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