Not all PI Covers are the same

All insurance policies contain some exclusions, including professional indemnity policies. Unlike the Abacus policy arranged with Lloyds of London, some Professional Indemnity policies contain exclusions which do not provide optimal cover for the insured. Below are examples of some of those exclusions which are not part of the Abacus policy: Intellectual Property Damages resulting from […]

Notification of a possible PI Claim

When should a possible claim be notified in order to comply with the requirements of your professional indemnity policy? In every Professional Indemnity proposal form, the following question or something similar, is asked: “Are any of the partners/directors after enquiry, aware of any circumstances which are likely to give rise to claims against the firm […]