New Support Team from Royal & Sun Alliance

Insurance company Royal & Sun Alliance are introducing a new support team for its insurance intermediaries with the aim of improve its communications infrastructure. A strategic relationship manager will lead the team and be assisted by a trading partner, a service delivery partner and a claims delivery partner. The new roles have been piloted with…

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Insurance Claims – Reservation of Rights Clause

AXA, ACE, AIG, Allianz, JLT, RSA, XL, Zurich, HSBC, Lockton, Marsh, Willis and Loss Adjusters Crawfords are all backing Airmic in their attempt to resolve large claims within 90 days by limiting the use of the reservation of rights clause which it is thought insurers are routinely invoking. The reservation of rights clause effectively puts…

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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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