The central bank of Norway, Norges Bank, is reportedly suing the New York-based financial company Citigroup for over $835 million over claims that they were mis-advised on the state of Citigroup’s finances. In the lawsuit, Norges Bank says that they bought shares and stocks in Citigroup in the period January 2009 – January 2010. The …
As the new Equality Act comes into force today (October 1st), many employment lawyers and professional insurance experts are predicting that this will mean a huge rise in employment tribunal cases over discrimination issues. The Equality Act is intended to harmonise all existing employment laws on the subject of discrimination, specifying areas such as race, …
Following a serious explosion in Shrewsbury town centre earlier this year, the National Grid is alleging that BT is to be held liable for professional negligence. As a result, three businesses affected by the blast are considering legal action against the company in an attempt to claim compensation for the losses they suffered. The incident …
We’ve been asked many times about the difference between Public Liability insurance and Professional Indemnity insurance so hopefully this brief article will assist if you have a similar query. Public Liability insurance covers you if you cause injury or damage to a third party or their property. This could be for example, a customer trips …
In response to a lawsuit filed in the US in 2009, consumer electronics giant Apple is suing Nokia for copyright infringement in relation to up to nine smartphone technology patents. Nokia originally sued Apple for patent infringement back in October 2009 in the US, claiming that both the iPad and the iPhone infringed on ten …
If you’re running a business then you need to have professional liability insurance. With a multitude of risks facing you it can be difficult to decide exactly what cover you need but without liability cover you leave your business open to claims from both employees and members of the public. Professional Liability insurance is a …
Professional indemnity insurance provides insurance cover that will protect you if you are negligent or make a mistake and a claim is made against you arising out of a service or advice that you have provided. If you have provided services to a client and as a result the client has suffered financial loss or …
A man using a fake public liability insurance certificate has been fined and given a 36-week suspended prison sentence after an employee suffered a serious injury at a wedding reception last year. The injured man had been setting off fireworks as part of a display, but was issued with no gloves or goggles. The prosecutor …
As part of your business activities, you may have been asked if you have professional indemnity insurance. If you have started a new business or are just finding your feet in the business world, you may not have realised how important having professional indemnity insurance is, or even in fact what it is. What Is …