Novae Group

Novae Group Novae Insurance Company Ltd who underwrite our online professional indemnity insurance schemes for: Accountants Architects Engineers Health & safety consultants Home inspectors & domestic energy assessors Surveyors, estate agents and property managers Miscellaneous occupations are part of the Novae Group who have just posted pre-tax profits for the first 6 months of 2007…

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Professional Indemnity Insurance for Accounts

Our specialist professional indemnity insurance scheme for accountants is suitable for accountants who are members of the ACCA, ICAEW and CIMA as well as accounts clerks, bookkeepers, management consultants, tax advisors and other providers of accountancy related services. Our online scheme offers cover from £320.25 for £100,000 professional indemnity cover and can cater for companies…

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Hardening Market for Solicitors Professional Indemnity Insurance

Solicitors Professional Indemnity Insurance premium income decreased from £243 million in 2003 to £200 million last year however it looks like soft market condition are coming to an end. Reasons cited for the anticipate increased in professional indemnity insurance premiums for solicitors include the increasing number of claims in all areas as well as the…

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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…

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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…

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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…

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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…

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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…

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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…

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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…

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