Professional indemnity insurance

Overview

In this Commerce & Contracts Special Interest Group Webinar, Dave Bathgate from Lockton will provide an overview of Professional Indemnity Insurance including; different types of cover; common extensions, exclusions and pitfalls; an overview of the market and how to troubleshoot issues.

This webinar is hosted by the ICE Northern Ireland Commerce & Contracts Special Interest Group and presented by Dave Bathgate from Lockton.

Dave’s presentation will include:

• An overview of what Professional Indemnity cover is
• Explanation of the different types of cover mean – Aggregate / any one claim etc.
• Common extensions, exclusions and pitfalls - failure to notify as claims made cover etc.
• Overview of the PI market, issues being experienced and market appetite
• What firms can do to help themselves on PI renewals
• Areas where market has changed – Fire Safety exclusions and other new exclusions / restrictions
• Explanation of the difference between reasonable skill and care and Fitness for purpose design obligations in D&B contracts
• Issues with employers asking for disproportionate levels of PI cover relative to a contract value