Business not insured for all activities
Insured business claim declined because the event they claimed for was not covered by their professional indemnity policy.
Insured business claim declined because the event they claimed for was not covered by their professional indemnity policy.
Asha wasn’t happy with the legal representation her professional indemnity insurer provided. She wanted to choose her own lawyer.
A company wants to cancel director’s insurance for one of its directors. When this takes 7 months, the company complains to its insurance advice firm about the delays.
You file a claim under your professional indemnity policy with your insurer for costs of appearing before a disciplinary tribunal. Your insurer investigates your claim and finds you had appeared before the same tribunal 3 years prior on a similar matter but you had not disclosed this to your insurer. Although you try to explain the situation, your insurer not only declines your claim but cancels your insurance and avoids the policy for the last 3 years. Can they do this?