Review

Heads Up: Insurers looking at AI when reviewing your Professional Indemnity Renewal

As businesses evolve, so do their risks. In the realm of professional indemnity insurance, staying ahead of emerging liabilities is crucial. Renewing policies with thorough scrutiny is the norm, but there’s a new twist, some insurers are asking about the role AI plays in your business and in turn do you have the relevant policies …

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Accountants Take Centre Stage in Verifying Overseas Entities: Navigating Risks and Responsibilities

Navigating Risks and Responsibilities The implementation of the Register of Overseas Entities (ROE) in the UK marks a pivotal moment in the realm of property ownership transparency. However, the recent statistics unveiled by an anti-money laundering (AML) platform shed light on a notable trend: while the number of overseas entities complying with the new regulations …

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Navigating the Evolving Terrain of Surveying: Key Challenges in 2024

Navigating the Evolving Terrain of Surveying: Key Challenges in 2024 As we embark on a new year, the surveying profession finds itself confronted with a myriad of emerging risks and liabilities. In this article, we’ll delve into four significant challenges facing surveying firms in 2024 and discuss proactive measures to mitigate them effectively. Reinforced Autoclaved …

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Introducing the LOCS:23 Standard: A Milestone in Legal Data Protection

Introducing the LOCS:23 Standard: A Milestone in Legal Data Protection In the ever-evolving landscape of data protection and privacy, the need for robust standards to safeguard sensitive information has never been more paramount. Recognising this imperative, the International Organisation for Standardisation (ISO) has recently approved the ground-breaking LOCS:23 Standard, heralding a new era of data …

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PII INSURANCE COSTS – Speak to QPI if you want to know how to get the best result at renewal

WHAT SHOULD YOU EXPECT THIS YEAR FROM YOUR SECOND HIGHEST OVERHEAD? 1 CAPACITY It affects premiums because when there aren’t enough Insurers willing to participate, rates go up. There are three new “Insurers” (one very recent) who have entered the market in the last 12 months, all of whom will write conveyancing firms. This will …

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PII Premium Savings Insurance Market – what to do if you are not happy with your renewal terms?

In recent years, the professional indemnity insurance market for the legal sector has experienced fluctuations in premium rates and insurability challenges. However, the current landscape presents a more favourable scenario with the entry of new insurers, each striving to establish their presence and attract clients. Within the past year, three new insurers have entered the …

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Navigating Employment Practices Liability: A Comprehensive Guide for Businesses

In the dynamic landscape of modern business, employers face an array of challenges in managing their workforce effectively. From restructuring initiatives to addressing performance management issues, employers navigate a complex web of legal and ethical considerations. Amidst these challenges, Employment Practices Liability (EPL) insurance emerges as a crucial tool for safeguarding businesses against the financial …

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The Importance of Financial Benchmarking for Professional Indemnity Renewals

Introduction: Professional indemnity insurance is a vital safeguard for businesses and professionals, protecting against financial losses resulting from claims of negligence or inadequate work. As renewal time approaches, it’s crucial for businesses to conduct thorough financial benchmarking to ensure they secure the best coverage at the most competitive rates. This article explores why financial benchmarking …

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