Hensure insurance blog http://hensure.com/blog Fri, 24 May 2013 15:03:08 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Hiscox have launched new Professional Indemnity Wordings. http://hensure.com/blog/2013/05/24/hiscox-have-launched-new-professional-indemnity-wordings/ http://hensure.com/blog/2013/05/24/hiscox-have-launched-new-professional-indemnity-wordings/#comments Fri, 24 May 2013 15:03:08 +0000 admin http://hensure.com/blog/?p=165 Hiscox have recently enhances their professional indemnity wordings for professional involved in Coaching, training and education. By offering this specialist product with Hiscox, we are able to provide customers something with excellent policy wordings at competitve premiums.

]]> http://hensure.com/blog/2013/05/24/hiscox-have-launched-new-professional-indemnity-wordings/feed/ 0 Aviva Pulls out of the SME Professional Indemnity Arena http://hensure.com/blog/2013/03/28/aviva-pulls-out-of-the-sme-professional-indemnity-arena/ http://hensure.com/blog/2013/03/28/aviva-pulls-out-of-the-sme-professional-indemnity-arena/#comments Thu, 28 Mar 2013 10:03:15 +0000 admin http://hensure.com/blog/?p=161 Aviva Insurance has announced that it will stop writing professional indemnity (PI) business for small to medium-sized enterprises (SMEs) from 1 April 2013.

This will affect around £ 35 m of insurance premium

The decision has been taken as Aviva has been struggling to make a profit in this area and despite trying to take corrective action, the current market conditions have been against them.

The existing book of SME Professional Indemnity business will be placed into run-off, handled by Aviva’s financial lines claims team based in London.

Should your existing policy be with Aviva then why not try the Hensure Business Insurance Professional Indemnity Scheme at renewal? We are a long established player in the Professional Indemnity Market and continue to make good returns for our capacity providers Argo at Lloyds of London.

]]> http://hensure.com/blog/2013/03/28/aviva-pulls-out-of-the-sme-professional-indemnity-arena/feed/ 0 R K Henshall & Co Ltd have joined The Brokerbility Group http://hensure.com/blog/2013/02/20/r-k-henshall-co-ltd-have-joined-the-brokerbility-group/ http://hensure.com/blog/2013/02/20/r-k-henshall-co-ltd-have-joined-the-brokerbility-group/#comments Wed, 20 Feb 2013 12:54:07 +0000 admin http://hensure.com/blog/?p=152 R K Henshall & Co Ltd , the holding company behind Hensure Business Insurance, is pleased to confirm that they have now joined The Brokerbility Group.  Brokerbility is now represented by 34 offices throughout the UK , employing more than 1000 people and a Gross Written Premium of circa   £ 465 million. R K Henshall & Co Ltd commenced trading in 1976 and since then have developed a reputation as one of the leading independent Insurance Brokers that offers clients access to a wide range of general insurers and to Lloyds of London.

John Henshall, Managing Director of R K Henshall and Co Ltd comments’ This is a great opportunity for R K Henshall and Co Ltd to push forward. The Brokerbility Group is a highly respected organisation within the Insurance Industry and we are looking forward to working with them and growing with them’

Ian Stutz, Managing Director of Brokerbility comments’ We are delighted to have R K Henshall and Co within the group, they represent a strong addition in the North West Region and we look forward to workng with them’

]]> http://hensure.com/blog/2013/02/20/r-k-henshall-co-ltd-have-joined-the-brokerbility-group/feed/ 0 Professional Indemnity claims against Accountants http://hensure.com/blog/2013/02/05/professional-indemnity-claims-against-accountants/ http://hensure.com/blog/2013/02/05/professional-indemnity-claims-against-accountants/#comments Tue, 05 Feb 2013 13:40:39 +0000 admin http://hensure.com/blog/?p=146 Professional Indemnity claims against Accountants can occur for a number of reasons.  One particular claimsarose against an accountant who failed to lodge tax returns on behalf of their client, leading to penalty charges and interest charges being charged by the Tax authorities . The Accountant’s client sought to recover the charges from the Accountant due to his error in not lodging the returns on time.

]]> http://hensure.com/blog/2013/02/05/professional-indemnity-claims-against-accountants/feed/ 0 Hiscox focuses on Green Issues with new Professional Indemnity Products http://hensure.com/blog/2013/01/29/hiscox-focuses-on-green-issues-with-new-professional-indemnity-products/ http://hensure.com/blog/2013/01/29/hiscox-focuses-on-green-issues-with-new-professional-indemnity-products/#comments Tue, 29 Jan 2013 11:20:15 +0000 admin http://hensure.com/blog/?p=142 Hiscox has developed five broker only professional indemnity products in the areas of interior and/or garden design, coaching and education, green consultancy, training, facilities management and health and safety and will be available  from early July.  At no additional cost,  policy wordings will be enhanced to recognise the broader impact a claim could have on a business.

]]> http://hensure.com/blog/2013/01/29/hiscox-focuses-on-green-issues-with-new-professional-indemnity-products/feed/ 0 How One of our Insurer Partners are tackling the huge issue of claims fraud. http://hensure.com/blog/2013/01/22/how-one-of-our-insurer-partners-are-tackling-the-huge-issue-of-claims-fraud/ http://hensure.com/blog/2013/01/22/how-one-of-our-insurer-partners-are-tackling-the-huge-issue-of-claims-fraud/#comments Tue, 22 Jan 2013 13:36:54 +0000 admin http://hensure.com/blog/?p=150 LV Insurance are investing in bespoke fraud detection systems and in developing the technical capabilities of their front line claims handlers in an attempt to tackle the issue of rising claims fraud. They investigate all types of suspected fraudulent claims including linked and organised fraud, Commercial, Property, Motor, Pet and Travel. The profiles that they investigate range from ‘bogus’ vehicle passengers submitting injury claims, staged accidents, ghost accidents and exaggeration.

]]> http://hensure.com/blog/2013/01/22/how-one-of-our-insurer-partners-are-tackling-the-huge-issue-of-claims-fraud/feed/ 0 Claims against Consulting Engineers http://hensure.com/blog/2013/01/22/claims-against-consulting-engineers/ http://hensure.com/blog/2013/01/22/claims-against-consulting-engineers/#comments Tue, 22 Jan 2013 13:21:11 +0000 admin http://hensure.com/blog/?p=136 Professional Indemnity Claims against Consulting Engineers could arise in a number of ways. For example, a recent claim was made against an Engineer who provided the wrong specification for the electricity supply to site contractors. Alterations and a temporary generator were required at total costs of £28,000.

]]> http://hensure.com/blog/2013/01/22/claims-against-consulting-engineers/feed/ 0 Claim on Architects Professional Indemnity Policy http://hensure.com/blog/2013/01/16/claim-on-architects-professional-indemnity-policy/ http://hensure.com/blog/2013/01/16/claim-on-architects-professional-indemnity-policy/#comments Wed, 16 Jan 2013 14:31:22 +0000 admin http://hensure.com/blog/?p=140 An Architect signed the practical completion certificate on a residential new build job. There were dozens of snagging problems that arose which the contractors failed to resolve. Claim settled at £5,000.

]]> http://hensure.com/blog/2013/01/16/claim-on-architects-professional-indemnity-policy/feed/ 0 The Jackson Review of Civil Litigation costs http://hensure.com/blog/2013/01/09/the-jackson-review-of-civil-litigation-costs/ http://hensure.com/blog/2013/01/09/the-jackson-review-of-civil-litigation-costs/#comments Wed, 09 Jan 2013 16:47:49 +0000 admin http://hensure.com/blog/?p=132 As reported in the news, The Legal Aid Sentencing and Punishment of Offenders Bill, which is due to take effect on 1st April 2013 is still under consideration, however it is likely to have a substantial effect on the defence of Professional Indemnity Claims.

Conditional Fee Agreements (CFA’s) and After the Event (ATE) premiums taken out after 1st April 2013 will no longer be recoverable by the winning party from the losing party. (No win no fee companies). Professional Indemnity Claims and this type of funding puts pressure on defendant’s and their insurers to settle claims where there may be little merit in the allegations.

Claimants who enter into a CFA & ATE before the 1st April 2013 ( and are settled after that date) will be entitled to the increased damages in addition to the recovery of their CFA success fees and ATA insurance premiums, so insurers are expection to see a vast increase of claimants taking out the CFA’s and ATE insurances between now and the cut off date of the 1st April 2013.

]]> http://hensure.com/blog/2013/01/09/the-jackson-review-of-civil-litigation-costs/feed/ 0 Liability Rates starting to Harden ? http://hensure.com/blog/2012/09/21/liability-rates-starting-to-harden/ http://hensure.com/blog/2012/09/21/liability-rates-starting-to-harden/#comments Fri, 21 Sep 2012 08:19:22 +0000 admin http://hensure.com/blog/?p=125 It is true to say that most classes of liability cover are still competitively priced and there are still good deals to be had in the insurance market. Risks that continue to show a positive approach to risk management and have a good claims record will probably continue to benefit from low premiums . There is a growing feeling in the insurance market though that poor quality risks with a poor claims record may start to find life getting gradually tougher over the next 12 to 24 months !

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