Tag Archives: PII

Is the Professional Indemnity tide turning?

Over the last ten years Professional Indemnity premiums for the traditional and emerging professions have been pretty stable. This has also been the case for the ‘design and build’ construction sector. The market has been characterised by a benign claims climate and a ready supply of Insurers prepared to offer terms at generally competitive rates, […]

Should all Contractors have Professional Indemnity Insurance?

Many contracting businesses who do not specifically design anything for a fee will be unaware of the potential risks they may face in not carrying Professional indemnity cover.  In the increasingly litigious society we live in, where it would seem that everyone wants someone to blame, should you consider cover just to protect yourself if […]

Do I need Cyber or Crime cover if I have Professional Indemnity Insurance?

This is something I’m hearing quite a lot at the moment as clients struggle to understand the overlapping elements of these various covers. There are rafts of businesses out there including Solicitors, Accountants, Surveyors, consultancy businesses and High Tech or Digital Businesses, who have a requirement to insure the outcome of their advice or service […]

Solicitor’s PII Update: What’s this Insurance Act stuff all about?

The basis of disclosure in insurance contracts has basically remained unchanged for around 100 years, however on 12th August 2016 the Insurance Act 2015 will introduce changes in this area. The Act’s new regime will require all proposers to make a “fair presentation of risk” to their prospective insurers rather than the current common law […]

“Isn’t It Ironic?”

No, not the wonderful Alanis Morissette song, but the state of the solicitors’ PII market. Today we hear of another unrated insurer leaving the solicitors’ PII market. This time it is Gibraltar based “Elite”. Having entered the market in 2012, Elite now say premiums are too low to be profitable. The irony isn’t lost on […]

Solicitors: Beware the Lender Panel Request for Policy Documents

As the dust settles on the PII renewal season it is now the time of year when many solicitors are submitting various re/applications for the Conveyancing Quality Scheme, Practicing Certificates and also Lender Panels. We will assist where-ever we can in supplying Confirmed Claims Experiences, Certificates of Qualifying Insurance and general “confirmation of cover” letters […]

PII Countdown

In the blink of an eye we are in June already and the countdown to Solicitors PII renewal is well under way. As usual, some insurers are holding their cards close to their chest, however this is no reason to be ill prepared for the mêlée that is about to ensue.   What action have you […]

Not just PII

At ProAktive we have a long track record of dealing with clients in the legal profession and particularly looking after their Professional Indemnity requirements.  This has enabled us to develop our understanding of this particular market and also build very close relationships with legal practices across the North of England. However, Professional Indemnity for solicitors […]