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Insureds must monitor unresolved litigation to mitigate risks
Insureds with liability policies, such as professional indemnity (PI) insurance, often find themselves in a situation where they are being sued, and a panel law firm appointed by the insurer is handling the litigation.
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5 tips on assessing legal risks in your business
Assessing legal risks is a critical process for businesses to identify potential gaps in their liability and indemnity insurance coverage and to uncover opportunities for legal risk management.
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Critical factors in purchasing Run off cover
When a company is winding up, whether due to acquisition or cessation of business, purchasing run-off cover for professional indemnity (PI) or directors and officers (D&O) insurance is often a necessary step to fulfill contractual obligations.
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VBA is not going to save you
When a company is winding up, whether due to acquisition or cessation of business, purchasing run-off cover for professional indemnity (PI) or directors and officers (D&O) insurance is often a necessary step to fulfill contractual obligations.
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PI Insurance mitigation costs cover
Professional services businesses, such as engineering firms, often face a challenging situation when they receive a lawyer's letter alleging liability without a specific demand for compensation. In such cases, the insured may seek to claim on their professional indemnity (PI) insurance, only to be told by the insurer that there is no 'Claim' as per the policy definition.
Articles page 22
We write about recent legal updates, significant court cases, and changes to regulations. Keep informed about the latest developments in Australian law.
