Website Update

We have just updated our professional indemnity and marine insurance pages and hope that these will be clearer for all website visitors to use – if you have any comments or feed back in respect of any of our website content please do not hesitate to email Emma Robinson on er@insurance2day.co.uk.

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Home Information Packs and the HIP Code

Insurance2day recommend that estate agents only obtain HIPs from providers that subscribe to the HIP Code which was established to protect consumers, estate agents, conveyancers and mortgage lenders by necessitating HIP providers to meet high standards and carry a minimum £2,000,000 professional indemnity insurance. The HIP Code also requires there to be an independent redress…

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Tokio Marine Europe Insurance

‘AA’ rated insurer Tokio Marine Europe Insurance has recently joined the ranks of the British Insurance Brokers Association (BIBA) as an associate member, it’s parent company Tokio Marine Group is Japan’s oldest and largest insurer. In the U.K. Tokio Marine’s main product lines are marine, property and liability insurance.

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Professional Indemnity Insurance – Retroactive Date

Professional indemnity insurance policies incorporate a retroactive date which effectively excludes claims arising from things done, or that ought to have been done, prior to this date. Whenever cover is changed to a new insurer it is important that the existing retroactive date is carried forward to the new policy. If there is a break…

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Professional Indemnity Insurance – Run Off Cover

When businesses are no longer trading we recommend that cover be maintained for a period of six years on a run-off basis as the ‘claims made’ basis of policy cover means that only claims made (and reported to the insurer) during the period of insurance would be indemnified. Whilst we recommend that a minimum of…

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Professional Indemnity Insurance – Claims Made Basis

Our professional indemnity insurance policies (as is the case almost without exception throughout the UK) operate on a ‘claims made’ basis. This provides cover for claims made (and reported to the insurer) during the period of insurance cover only. Each policy incorporates a retroactive date which effectively excludes claims arising from things done, or that…

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Professional Indemnity Insurance Schemes

Insurance2day is pleased to announce that it has negotiated specialist professional indemnity insurance schemes for the British Computer Society, members of the Institute of Domestic Energy Assessors and users of the PALI HIP View product. Insurance2day invite any other professional bodies, groups or organisations wanting exclusive schemes for their members to contact Sid Gould on…

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The latest news from LFC Shield

Since Shield Policies was acquired by the LFC Insurance Group recently, there have been considerable improvements to policy covers. Most policies will now benefit from a completely new wording when they renew and these are spelt out below. Shield’s latest insurance partner is Sterling Insurance Group, one of the UK’s most innovative insurance companies. New…

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Employers’ Liability Insurance – The Importance of Retaining Certificates

A Certificate of Employers’ Liability insurance cover needs to be displayed in all business premises and it is a legal requirement under the Employers’ Liability (Compulsory Insurance) Regulations 1998 that all certificates are retained for a period of forty years. In addition the Companies Act obliges the company and its employees to maintain appropriate records….

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What is Marine Cargo Insurance?

Marine cargo Insurance is the insurance of property as it moves from place to place. The word ‘marine’ conjures up the sea and foremost in the minds of the writers of the Marine Insurance Act 1906 (MIA) was indeed sea transits. While the Act in its opening sections refers to ‘marine losses’ and to the…

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