The Insurance Act, which comes into force on 12 August 2016, represents the greatest change to insurance contract law in this country in over a century. The Act will sweep away certain provisions of the Marine Insurance Read More
Cyber security has become an increasingly important discussion point for those responsible for managing risk within legal service providers over the past twelve months. With more and more publicity surrounding the vulnerability of technology, risk Read More
A circumstance which ‘MAY’ or ‘IS LIKELY TO’ give rise to a claim While we always encourage clients to ensure they have a good understanding of their policy wording, it is Read More
With fraud becoming an ever more common occurrence in the legal sector, every firm should have robust procedures in place The UK’s fraud prevention service, Cifas, recently reported that recorded fraud increased by 25% Read More
Over the past few months there have been several claims against law firms resulting from their involvement in property transactions. The last financial crisis, and its effect on property values, meant that many lenders suffered Read More
Neil Pointon, a specialist in Solicitors’ PII from Howden Insurance Brokers explores the situations that could give rise to a claim against a Compliance Officer for Legal Practice (COLP) or for Finance and Administration (Read More
Hyperion Insurance Group Limited (Hyperion) and R K Harrison Holdings Limited (RKH) have this year completed the merger of the two businesses, following receipt of applicable regulatory and legal approvals. Hyperion has acquired 100% of Read More
Businesses of every size rely to an extent on information technology (IT) and data. This results in an exposure, alongside their clients, to a potential financial loss if that data is mislaid, stolen or rendered Read More
Solicitors are risk averse by nature and the perceived risks of social media marketing can put a lot of law firms off. However, social media is becoming ever more prevalent in modern culture. This head-in-the-sand Read More
Businesses are constantly exposed to the dangers of a cyber attack with hackers becomingly alarmingly sophisticated. Here, we list the key areas of concern for solicitors. 1. Loss of client money For conveyancing solicitors, Friday afternoon Read More
The solicitors’ profession moved to the open market a very long time ago now and issues such as how the successor practice rules will apply in various circumstances ought to be fairly well established Read More
Much to the surprise of the insurance industry and many financial commentators, the summer budget has produced a rise in Insurance Premium Tax (IPT) from 6% to 9.5% effective from 1st November 2015. Heralded as a stealth tax Read More
The following example highlights the importance of giving very careful consideration to whether or not your business should be insured by an unrated insurer. A solicitors practice found itself in the unfortunate position of struggling Read More
Gary Jones is a Director at Totum Partners, a recruitment firm that specialises in finding and securing individuals from traditional management sectors for the important new roles emerging in the specialised area of law firm Read More
Howden Windsor, the specialist Professional Indemnity Insurance (PII) division of Howden Insurance Brokers Limited, has announced an exclusive arrangement with software provider Lexsure which could see law firms save thousands of pounds on Read More
The following article is provided by Windsor Partners the leading professional indemnity insurance broker. The Treasury has announced radical changes to tax legislation with effect from April 2012, which will affect all solicitors and others carrying Read More
In spite of wide spread alarm in the months leading up to the October 2011 renewal it seems that nothing properly prepares us for the surprises thrown up in this most widely commented on of mass Read More
Steve Ray of Windsor Partners explains the history and issues associated with the way Solicitors arrange professional indemnity insurance and how the market is developing. This is a slide show and recording from his presentation Read More
Usually at this time of year insurance companies are starting to gear up for the annual bun fight that the professional indemnity market for solicitors has become. Over recent years insurers have pulled out Read More