Standard PI versus D & C PI : Key Differences
Stephen Williamson, Griffiths & Armour
This lecture will provide an overview of Professional Indemnity Insurance, focusing on how brokers who are unfamiliar with this product can assess it’s suitability for their client.
An increasingly litigious environment as well as regulatory and contractual demands has resulted in more and more businesses enquiring about and purchasing Professional Indemnity Insurance. As a liability based product the benefits of Professional Indemnity Insurance are not always obvious and potential claims scenarios not easy to predict. Understanding what protection Professional Indemnity Insurance affords can be a challenge for both clients and brokers not familiar with this product. With the range of professions now purchasing PI insurance broadening, understanding the business by gathering the appropriate information is key to ensuring the client benefits from this type of product
Learning Objectives:-
By the end of this lecture members would have gained an insight into:
1) How Professional Indemnity Insurance can protect a business and the types of cover available
2) Why businesses purchase Professional Indemnity Insurance
3) What types of businesses purchase Professional Indemnity Insurance
4) What information about the business is key to assessing the risk
CII Accredited
This demonstrates the quality of an event and that it meets CII member CPD scheme requirements.
1 hour's CPD can be claimed for this event if relevant to your learning and development needs.
It is recommended that you keep any evidence of the CPD activity you have completed and upload copies to the recording tool as the CII may ask to see this if your record is selected for review. Details of the scheme can be viewed online at www.cii.co.uk/cpd.