Professional Indemnity Insurance for Solicitors

Following our post about Royal & Sun Alliance withdrawing from the lower end of the solicitors professional indemnity insurance market the insurance trade press is now referring to the approaching ‘Crisis’ in the market. Zurich expect that solicitors professional indemnity rates across their book of business could increase by 20% over however they are looking…

Read more


Employer’s Liability Insurance-Proposed Changes in Legislation

On June 11 2008 we posted an article about Employer’s Liability Insurance explaining that current legislation requires Certificates of Employers’ Liability cover to be displayed at all business premises and copies retained for forty years. The government are now looking into proposals to scrap the requirement for certificates of insurance to be retained for 40…

Read more


Domestic Energy Assessment – Commercial Properties

Insurers fear that come October 2008 there will be a shortage of accredited energy assessors for commercial properties. From October 2008 it will be a requirement of European Union’s Energy Performance Directive (EPBD) that all commercial buildings in the United Kingdom have an Energy Performance Certificate when they are constructed, sold or let. Energy Assessment…

Read more


Corporate Manslaughter and Corporate Homicide Act 2007

The new Corporate Manslaughter and Corporate Homicide Act which came into effect last month will have far reaching implications for all organisations that employ people. The Act has created a new offence whereby an organisation could be found guilty if the manner in which its activities are managed or orchestrated by senior management (those who…

Read more


Employment Practices Liability Insurance

Any company that has faced an employment tribunal will know that the costs of defending their position are high, in terms of risk every company that has employees is at risk of being taken to a tribunal. In the current economic climate this risk is further exacerbated as redundancies may result in disgruntled ex-employees claiming…

Read more


New CII Qualification

The Chartered Institute of Insurance has launched a new professional qualification for retails and specialist insurance brokers on insurance broking practices – previously there has been no such course specifically aimed at brokers. The diploma will cover areas which brokers need to be well versed in to ensure compliance with the Financial Services Authority regulations…

Read more


Solicitors Professional Indemnity Insurance

Royal & Sun Alliance have made the decision to stop offering professional indemnity insurance cover to one man and/or two-partner firms of solicitors though it will continue to offer renewal terms to existing clients. The annual renewal season for solicitors has just commenced with all firms having to arrange cover for the annual renewal date…

Read more


Lloyds Consolidation

The last ten years has seen significant consolidation in the insurance company market and it now looks like the next three years are going to see a number of mergers and acquisitions in the Lloyds of London marketplace with the number of Lloyds brokers diminishing. It is thought that proposed changes to The Lloyd’s Act…

Read more


E-Commerce

Consumers are becoming increasingly confident in using technology to make purchases online – Insurance2day have looked at the possibility of offering a full e-commerce website however due to the complexities of commercial and professional indemnity insurance the concern would be that consumers purchase online only to later discover that the scope of their business activities…

Read more


Online Insurance for SMEs

It is anticipated that the next twelve months will see further increases in the number of small to medium size (SMEs) business arranging their commercial insurances online. Whilst at the higher end of the markets businesses paying premiums in excess of £50,000 are unlikely to benefit from the ever increasing move towards e-commence smaller to…

Read more