Professional insurance updates: We have moved

Visit our News section on our new look website http://www.m-f-l.co.uk

Discover the latest professional insurance news on events, technical bulletins written by MFL staff and articles on our new look website m-f-l.co.uk.

Up to date information that’s tailored especially for professionals looking for professional insurance updates will be in our News section from now on.

Visit m-f-l.co.uk/news now for all the latest in professional insurance news.

Disclaimer: MFL is happy for articles to be used in reputable publications, websites and companies in a public domain. Third parties that haven’t directly received this article in the form of an electronic press release must receive express permission from MFL, the sole owners of all of this website’s marketing and PR content.

To receive permission or to make further enquiries, call or email MFL’s Marketing team.

Martin Jackson

Tel: 0161 237 7728

E-mail: martinj@m-f-l.co.uk

Karolyn Judge

Tel: 0161 237 7734

E-mail: karolynj@m-f-l.co.uk

Managing Professional Risks Seminars 2012: Fraud, Dishonesty and Corporate Crime

Click on the image above to download a PDF version of the article

A summary of the presentations featured in ‘Fraud, Dishonesty and Corporate Crime’, the second seminar of MFL Professional Partnerships’ Managing Professional Risks series.

Fraud, dishonesty and corporate crime can be an unfortunate reality for senior professionals. Prevention measures, trusting – or suspecting, as the case maybe – others and detection are just some of the essential but sometimes difficult measures that should be undertaken in order to ensure your practice is ran in a legally and morally correct manner…

Download the PDF version of the article here.

Disclaimer: MFL is happy for articles to be used in reputable publications, websites and companies in a public domain. Third parties that haven’t directly received this article in the form of an electronic press release must receive express permission from MFL, the sole owners of all of this website’s marketing and PR content.

To receive permission or to make further enquiries, call or email MFL’s Marketing and Development team.

Martin Jackson

Tel: 0161 237 7728

E-mail: martinj@m-f-l.co.uk

Karolyn Judge

Tel: 0161 237 7734

E-mail: karolynj@m-f-l.co.uk

The ‘Small’ Print

Right click on the image above to download the PDF version of the article

Colin Bradley, Claims Director at MFL Professional Partnerships, examines the importance of ensuring you, as the ‘Insured’, comply with your PII claims conditions.

Ultimately, the true test of any policy and insurer is when a claim actually arises. You as the insured have an important part to play.

It is vital that you ensure your Professional Indemnity policy terms and conditions, what people call the ‘small’ print, are met if the policy is to provide the protection you need. The requirements for the notification of claims and potential claims (or “circumstances”) are of paramount importance….

To read on, download the PDF version of the article.

Disclaimer: MFL is happy for articles to be used in reputable publications, websites and companies in a public domain. Third parties that haven’t directly received this article in the form of an electronic press release must receive express permission from MFL, the sole owners of all of this website’s marketing and PR content.

To receive permission or to make further enquiries, call or email MFL’s Marketing and Development team.

Martin Jackson

Tel: 0161 237 7728

E-mail: martinj@m-f-l.co.uk

Karolyn Judge

Tel: 0161 237 7734

E-mail: karolynj@m-f-l.co.uk

Limiting Liability Effectively

Click on the image above to download the article

Iain Fraser, consultant at law firm Berryman Lace Mawer’s professional indemnity team in Manchester, details the pitfalls to avoid when dealing with professional liability claims.

Although sometimes confused, exclusion and limitation of liability are quite different things. In broad terms it is possible for a professional to place a contractual limitation (or cap) on their potential liability to a client, but a contractual term baldly seeking to exclude any liability at all to a client for work undertaken within the scope of an agreed retainer has no realistic prospect of being enforceable.

But limiting liability is not straightforward either and some care is needed to ensure that attempts to do so stand the best possible chance of being successful. Even then it is almost impossible to guarantee that a limitation clause will not still be challenged.

To read on, download the article here.

Disclaimer: MFL is happy for articles to be used in reputable publications, websites and companies in a public domain. Third parties that haven’t directly received this article in the form of an electronic press release must receive express permission from MFL, the sole owners of all of this website’s marketing and PR content.

To receive permission or to make further enquiries, call or email MFL’s Marketing and Development team.

Martin Jackson

Tel: 0161 237 7728

E-mail: martinj@m-f-l.co.uk

Karolyn Judge

Tel: 0161 237 7734

E-mail: karolynj@m-f-l.co.uk

When Is Adequate, Adequate?

Click on the image above in order to download the article

Martin Jackson, Director of MFL Professional Partnerships, asks: ‘When is an adequate level of Professional Indemnity Insurance, well, adequate?’

We live in a society which is increasingly compensation minded and anyone who has had to defend a negligence claim will know it can be an extremely worrying experience with potentially crippling costs.

Additionally, a client commissioning the professional service from a business has the right to expect their work to be covered by PII.

In recent years there’s been a number of real-life situations where businesses, particularly micro SMEs, have maintained insufficient levels of cover and instances of claims have arisen where the total amount claimed has well exceeded the limit of indemnity, subsequently forcing these firms to go out of business. Not only has their livelihood gone but there’s also the serious possibility of a damaged reputation.

To read on, download the article here.

Disclaimer: MFL is happy for articles to be used in reputable publications, websites and companies in a public domain. Third parties that haven’t directly received this article in the form of an electronic press release must receive express permission from MFL, the sole owners of all of this website’s marketing and PR content.

To receive permission or to make further enquiries, call or email MFL’s Marketing and Development team.

Martin Jackson

Tel: 0161 237 7728

E-mail: martinj@m-f-l.co.uk

Karolyn Judge

Tel: 0161 237 7734

E-mail: karolynj@m-f-l.co.uk

Expert Witness Immunity Abolished

Click on the image above to download the PDF version of this article

The Supreme Court has delivered a landmark decision in the case of Jones v Kaney, effectively abolishing the immunity previously afforded to expert witnesses from claims for negligence arising out of evidence prepared for the purposes of, and in connection with, legal proceedings.

To read on, download the article.

Disclaimer: Because of its technical nature, this article must be reproduced in its entirety in order for its message to be fully understood.

MFL is happy for articles to be used in reputable publications, websites and companies in a public domain. Third parties that haven’t directly received this article in the form of an electronic press release or as part of a newsletter must receive express permission from MFL, the sole owners of all of this website’s marketing and PR content.

To receive permission or to make further enquiries, call or email MFL’s Marketing and Development team.

Martin Jackson

Tel: 0161 237 7728

E-mail: martinj@m-f-l.co.uk

Karolyn Judge

Tel: 0161 237 7734

E-mail: karolynj@m-f-l.co.uk

The Bribery Act 2010: The Insurance Implications

Click on the image above to download a PDF version of this article

The Bribery Act 2010 finally came in to force on 1st July 2011 and will impose significant potential liabilities on businesses and those who run them. Businesses need to ensure that they are adequately protected by their Directors’ and Officers’ Liability policies as a result.

The Act will have ramifications for many businesses with those that trade overseas potentially being at greater risk where local practices and cultures may differ from the UK view…

To read on, download the article.

Disclaimer: Because of its technical nature, this article must be reproduced in its entirety in order for its message to be fully understood.

MFL is happy for articles to be used in reputable publications, websites and companies in a public domain. Third parties that haven’t directly received this article in the form of an electronic press release or as part of a newsletter must receive express permission from MFL, the sole owners of all of this website’s marketing and PR content.

To receive permission or to make further enquiries, call or email MFL’s Marketing and Development team.

Martin Jackson

Tel: 0161 237 7728

E-mail: martinj@m-f-l.co.uk

Karolyn Judge

Tel: 0161 237 7734

E-mail: karolynj@m-f-l.co.uk

A PII Guide To The Buying & Selling Of Professional Practices

Click the image above to download a PDF version of the article

The purchase or sale of a professional practice is a major financial and commercial transaction for all concerned.

Considerable time and effort will be spent on ‘due diligence’, particularly by the potential purchaser and its advisers, in order to ensure that both parties understand as much as possible about the financial, commercial and personal consequences of the proposed deal.

Unfortunately, the issue of Professional Indemnity Insurance – or, indeed,  the management of professional risk – is often not addressed until very late in the day, when most of the terms of the proposed deal have already been agreed, and when someone has remembered that “we ought to tell our insurers”…

To read on, download the article.

Disclaimer: MFL is happy for articles to be used in reputable publications, websites and companies in a public domain. Third parties that haven’t directly received this article in the form of an electronic press release must receive express permission from MFL, the sole owners of all of this website’s marketing and PR content.

To receive permission or to make further enquiries, call or email MFL’s Marketing and Development team.

Martin Jackson

Tel: 0161 237 7728

E-mail: martinj@m-f-l.co.uk

Karolyn Judge

Tel: 0161 237 7734

E-mail: karolynj@m-f-l.co.uk