NG Bailey blocked from clawing back £2.5m injury payout

The High Court has dismissed an attempt by NG Bailey Facilities Services to recoup £2.5m in damages it paid out to an injured worker at a subcontractor. A judge ruled that NG Bailey could not rely on its contractual indemnity because the settlement – made… The post NG Bailey blocked from clawing back £2.5m injury payout appeared first on Construction News.

Architects’ PII specialist Wren Insurance to shut down

The Architects’ Journal Architects’ PII specialist Wren Insurance to shut down Wren Insurance Association, the mutual insurer of professional indemnity insurance for architects, is to cease trading after nearly 40 years The post Architects’ PII specialist Wren Insurance to shut down appeared first on The Architects’ Journal Richard Waite

Former Fosters architect hit with ARB suspension over lack of PII cover

The Architects’ Journal Former Fosters architect hit with ARB suspension over lack of PII cover The ARB suspended a former Foster + Partners associate partner for six months after he completed small residential projects without professional indemnity insurance (PII) The post Former Fosters architect hit with ARB suspension over lack of PII cover appeared first on The Architects’ Journal Josh Butler

Construction Project Management Professional Liability Indemnity Insurance

What Is Construction Project Management Professional Indemnity Insurance? Professional indemnity insurance protects construction professionals from financial losses caused by negligence, errors, or omissions in their services. This policy maintains faith and confidence with clients. Indemnity insurance is financial protection that ... Read more The post Construction Project Management Professional Liability Indemnity Insurance appeared first on Contractors Liability.

Firms plot professional indemnity insurance mutual society for architects

The Architects’ JournalFirms plot professional indemnity insurance mutual society for architects Two risk management specialists have joined forces to launch professional indemnity insurance tailored for architecture practice and designed to encourage the formation of a mutual society The post Firms plot professional indemnity insurance mutual society for architects appeared first on The Architects’ JournalGreg Pitcher

ASFB Webinar - Building a Professional Indemnity Programme in Today’s Market, 09112022

This webinar explains what is Professional Indemnity and the 'claims made' policies that are provided, as well as highlighting the current (insurance) market conditions

PI insurance: how indemnity is still burdening the sector - Joshua Stein in Construction News

The cost of professional indemnity insurance has soared in recent years by as much as 1,500 per cent for some firms, resulting in squeezed margins, supply chain pressure and business failures

Beale & Co - Webinar: COVID-19 and Insurance Brokers E&O, 06052020

In this webinar Joe Bryant and Stephen Reilly of Beale & Co look at how unsuccessful claims for Business Interruption cover may rebound and result in negligence claims against insurance brokers and their PI insurers, and whether or not such claims are likely to be successful

Silver Shemmings Ash - Insurance & Contract Administration: What You Need To Know! 02062021

Insurance is an integral part of the construction industry, Jon Sharp will discuss how care needs to be taken when placing insurance in the light of the reforms to the Marine Insurance 1906 along with the ongoing COVID19 pandemic

Fenwick Elliott - Project Security Bonds & Guarantees (Paper for University of Vienna), Feb 2012

This paper considers some of the basic principles relating to bonds in the construction industry. By its nature, therefore, this paper briefly compares formal security to informal security such as bonds and guarantees before then examining unconditional on-demand bonds and conditional bonds