Nowadays, professional insurance is fast becoming an essential component of modern business, no matter what the industry. There are insurance products available to cover every type of legal risk your company may face – employee lawsuits, tax investigation, public liability issues etc – and more importantly, insurance is being tailored to the nature and needs …
The Recording Industry Association of America (RIAA) is reportedly seeking millions of pounds in damages from file-sharing company LimeWire as their long-running legal dispute is finally resolved. The RIAA officially won their case against LimeWire earlier this year, after a legal battle over copyright infringement that has lasted four, very expensive, years. The court ruled …
Businesses who have or are considering taking out a professional indemnity insurance policy will know that cover is generally provided for libel and slander. This issue can affect a number of professions – from publishing and journalism to broadcasters – resulting in expensive and lengthy defamation lawsuits. This week has seen the publication of Lord …
Businesses nowadays are facing a rising risk of being sued, or conversely, needing to take legal action themselves. You can’t fight a legal dispute or pursue a lawsuit without some funding available to cover the often astronomical litigation costs, so what options are available? Professional insurance with commercial legal expenses cover is the solution, one …
Professional services firm Ernst & Young have been fined £500,000 and reprimanded by the joint disciplinary tribunal (JDT) over their role in the near collapse of insurance company Equitable Life ten years ago. Ernst & Young, the former auditors of Equitable Life, paid the fine imposed by the policing body for the accountancy industry, along …
At 4:36pm on Saturday 5th June we successfully completed the national 3 peaks challenge in 23 hours 46 mins, leaving only 14 minutes to spare! Starting at 4:50pm on Friday we started climbing Ben Nevis in the late afternoon heat. 3 hours later we were standing in snow on the summit taking our first team …
Taking out professional indemnity insurance or any other policy is not always entirely straightforward, as each business will need cover that tailors specifically to their needs. To achieve this level of personalisation, it can be well worth your while as a future policy holder to do a little research beforehand. The following explanations – some …
In today’s ‘compensation culture’, employers are vulnerable to a number of complaints and lawsuits launched by their workers. An expensive and reputation-damaging legal dispute may not even arise as a result of your actions as an employer, but you may still be held responsible. Key examples of this sort of complaint are bullying, harassment and …
Of all types of business currently taking out professional indemnity (PI) insurance, IT consultants and contractors are possibly the most likely to need cover. This is because the IT industry is particularly complex and precarious when it comes to making mistakes. The most common issues IT consultants and contractors are sued over include: • Software/hardware/systems …