Directors and Officers Insurance (also known as Directors Liability Insurance, D&O Insurance or even Management Liability Insurance) provides an indemnity to directors and senior officers for failure to act according to the best interests of the company, for breach of companies rules and regulations, and indeed any other alleged wrongful act. Taking the right Directors …
What Is The Insurance Act 2015? The Insurance Act 2015 is a legislation that came into effect on 12th August 2016. The act is designed to make insurance clearer and fairer by clarifying rules relating to your relationship with your insurer, including when your insurer is allowed to reject a claim. The Act itself however …
Over the last week, the news has been full of people discussing the devastating fire that started on Monday 15th April in Notre-Dame Paris, France. Notre Dame Cathedral was consumed by a fire last week which claimed the famed cathedral’s roof and spine. France is in mourning following the incident and affected French citizens and companies …
Table of Contents Many property owners still widely hold the belief that the market value of their property is the amount that they should insure their property for. Rarely will you find that the market value is the same as the rebuild cost of the property, which could leave the property owner under insured in …
Civil liability is very much part of everyday life as civil matters concern ordinary citizens, their rights and their protection. In its simplest terms, civil liability means the responsibility for actions and practices that could damage others, but which aren’t criminal. They are therefore not pre-meditated or against the law. Instead, civil liability concerns the …
The number of homeworkers in the UK has hit record levels, with around 4.2 million people – or roughly 14% of the workforce – working remotely according to last year’s government statistics. 1.5 million of these works do their job from home exclusively, meaning that they are never required to go into the office. So, …
From professional indemnity, to public liability, directors and officers, to cyber insurance – if you’re new to the world of business insurance, it can all seem slightly overwhelming. Within this blog post, we will be discussing the insurance policies that you require as a small business, those you should consider, as well as some tips …
In a recent article, Allianz have identified the top corporate perils based on the insight of risk management experts from around the world. Below the risks have been ranked most important by respondents within the UK. 1. Cyber Incidents / Changes in Legislation And Regulation As cyber incidents are ranking as one of the highest risks, it proves …
We discuss why Architects should always prepare a written design brief for their projects and what can happen if this is overlooked. Table of Contents A recent Technology and Construction Court decision has highlighted the risk for architects (and their professional indemnity insurers) of failing to agree a design brief with their client in writing. …