Powerplace have announced that Brit Insurance have joined their panel of Insurers and that brokers can now access Professional Indemnity quotations through the Powerplace site. This is a great development for Hensure Business Solutions and will allow the team to access another of our Partner Insurers for a quick turnaround of Professional Indemnity Quotations.
New Professional Indemnity Facility on Powerplace
March 1st, 2012Architects Professional Insurance
February 15th, 2012
Architects are regarded as one of the traditional professions. The profession as a whole is regulated by the Architects Registration Board (ARB). Architects PI insurance became mandatory for all qualified Architects in 1997.
Whilst the ARB is the governing body for the profession the Royal Institute of British Architects (RIBA) is perhaps the best known organisation representing the industry. All Architects must be registered with the ARB and it is the ARB which lays down the rules for Architects PI (see www.arb.org.uk).
Consultants Professional Indemnity Insurance
February 14th, 2012
Professional Indemnity (PI) Insurance is an insurance cover designed to protect a business offering professional advice or services.
Traditionally this insurance has been taken out by professions such as Accountants, Architects, Surveyors, Engineers etc. However this now includes a wide range of people who also provide a service and are considered to be Professionals. This includes IT Consultants, Business Advisors, Consultants, Marketing Consultants, Management Consultants, Recruitment Consultants, P R Consultants, Health and Safety Consultants, Training Consultants and many more.
Architects PI Insurance – Collateral Warranties
February 6th, 2012What are collateral Warranties?
Collateral Warranties or Duty of Care agreements are contractual agreements between parties who otherwise might not be in a contractual arrangement.
The Reason for Collateral Warranties.
Theft of metal – The risks are growing
December 20th, 2011
In August this year, Transport for London reported that nearly £300,000 worth of metal had been stolen from the system in the last year and is being sold for scrap. This includes £143,000 of material taken from bus stops over the last year. In addition, £291,000 was stolen from the Tube, DLR, Over-ground and Tramline making this a nightmare for commuters’ journeys as the cable theft has become a common cause for delay.
Thieves are going to even greater lengths to harvest various different metals, risking life as well as long prison sentences. Non-ferrous metals such as lead and copper are very desirable and they are not only costly to replace but the theft can interrupt the running of your business causing even further costs. Metals are often used in roof coverings and theft of these can lead to water damage in the building. In addition attractive amounts of cables and piping are often stored on construction sites and their loss can be very costly and delays build schedules which in turn lead to increased staff costs on projects.
Injury not caused by repetitive strain.
December 15th, 2011A recent county court case demonstrates the importance of employers recording and maintaining records of risk assessments and health and safety training.
The claimant in the case was employed by the defendant as a manual parcel handler for just less than two years. He resigned when back pain made him unable to continue in his job. He brought proceedings against his employers alleging that a previously asymptomatic back condition had been exacerbated by his work. He claimed that the work was repetitive, had not been subject to sufficient risk assessment and that his employers had failed to provide a safe system of work.
The defendant denied liability on the basis that the job was a simple and straightforward one, had been properly risk assessed and was not repetitive. There was no previous history of any injuries arising from this work. It was accepted by both parties that the work could not have been done mechanically.
Three year old’s death – Wall Designer charged
December 6th, 2011A man who designed a wall which collapsed on a three year old girl, killing her, has been charged with gross negligence manslaughter. The Crown Prosecution Service (CPS) decided the designer of the wall, which was also constructed by his company, Parcol Development Ltd, should be charged in relation to the death of the little girl on 26/7/2008 in Prestatyn, Wales.
Parcol Developments Ltd, of which the charged man was a director, was also charged with an offence under section 3 of the Health and Safety at Work at 1974 which requires all employers to conduct their business in a way that ensures, so far as is reasonably practicable, that others are not exposed to risk.
Limitation and exclusion of liability for IT Providers
November 28th, 2011
As an Information technology provider you need to ensure that you effective terms and conditions in place in order to minimise legal exposure. Many people think that if they include in their terms and conditions clauses which purport totally to exclude their liability under the contract in question, they will be safe and that they cannot be sued successfully should they be negligent in the subsequent provision of goods/services or otherwise breach the terms of the contract.
Unfortunately this is not the case and the bottom line is that, in simple terms, the chances of a liability limitation or exclusion clause being successful depend largely on whether the clause is “reasonable” when set against all the factors which make up the contractual scenario. The court will look at many factors in determining reasonableness.
Asbestos surveyors beware
September 26th, 2011Asbestos surveyors need to consider carefully some of the claims that have traditionally caused problems
There are generally 5 types of claims that they can face: Read the rest of this entry »
Accountants professional indemnity.
September 21st, 2011Accountancy is one of the established traditional professions. Accountants are often members of a professional body such as the ICAEW, ACCA, ICAS or ICAI, but the industry is also made up of unqualified but highly experienced advisors such as former tax inspectors. Some of these professional bodies maintain rules for mandatory PI cover and also issue “Practising Certificates” without which member firms are unable to practice.
What do insurers look for? Read the rest of this entry »