Changes to the Construction (Design and Management) Regulations (CDM Regulations), which regulate health and safety on construction sites, could impact professional indemnity cover and premiums for designers. The CDM Regulations originate from a 1992 EU Directive which sets out the minimum…read more
Learn the lessons of the past warns Brunel as the housing market accelerates
Brunel is warning surveyors to learn lessons from the past as rising house prices, combined with a significant upturn in property valuations and residential mortgage advances signals a recovery in the property market. “It is good news that the housing…read more
Law firms without PI insurance facing enforcement action from the SRA
The Solicitors Regulation Authority (SRA) has warned law firms without PI insurance for 2013-14 that they could be breaching regulations and may face enforcement action. New rules introduced by the SRA closed the Assigned Risks Pool, which had previously provided…read more
New Jackson reforms tested in ‘plebgate’ case
Former Conservative chief whip, Andrew Mitchell, will not be able to recover his full legal costs if he is successful in his libel action against the Sun newspaper after his legal team missed a deadline to file its costs budget….read more
Court of Appeal to rule on FOS compensation case
A shock High Court ruling on the payment of additional compensation to clients for negligent advice could be overturned in the Court of Appeal, leading the way to greater certainty about professional indemnity insurance for financial advisers. The long-running case,…read more
Accountants’ PII regulations updated for 2014 by ICAEW
Accountants’ professional body the ICAEW has published updated professional indemnity regulations for 2014. These include amendments to set out the minimum level of indemnity required for probate work and clarification of the maximum excess permitted under a professional indemnity insurance…read more
What is professional indemnity run-off cover and why do I need it?
Professionals can find themselves liable for professional indemnity (PI) claims for many years after they stop practicing. In many cases their liability ends after six years – but under certain circumstances they could be liable for 15 years or more….read more