Professional Indemnity

Thursday 8th September 2022
Q3 PI update: professional indemnity for insurance brokers

Insurance brokers are skilled at placing professional indemnity insurance (PII) for their customers, but what do they need to consider when arranging cover for themselves?   Keeping on top of the latest legislation and regulation is common practice for insurance brokers, so how can using a broker to purchase PII help? The FCA’s Business Interruption (BI) […]

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Thursday 30th June 2022
Professional Indemnity (PI) Q&A with Neon Mavromatis, Managing Director, Construction, Kerry London

Q: The PI market has gone through a difficult couple of years with premium increases, is this situation continuing, or have things improved? A: So far this year, we are starting to see professional indemnity (PI) premiums levelling out. While rates are not going down, we are not seeing the significant spike in rates that […]

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Monday 13th June 2022
Preparing for increased regulation

Following several high-profile financial scandals, including the collapse of Carillion, Bargain Booze owner Conviviality, Silent Night, Thomas Cook and Patisserie Valerie, many accountancy firms are facing further regulation from the Government. The reforms to modernise the country’s audit and corporate governance regime consultation is designed to overhaul auditing and corporate governance and could have far-reaching […]

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Thursday 7th April 2022
Professional Indemnity: Planning ahead

Professions working in the construction industry continue to face increasing challenges when renewing their professional indemnity insurance (PI). Stricter conditions in the insurance market following the tragic Grenfell disaster and the pandemic resulted in the reduced availability of insurance cover and increased premiums. According to a recent Royal Institute of Architects (RIBA) member survey, 80% […]

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