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Type
Webinar

Professional indemnity insurance

Event organised by ICE

Date
26 January 2022
Time
13:00 - 14:00 GMT
Location
Online
Online,
United Kingdom

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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

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