Professional Indemnity Insurance Avoiding Coverage Issues: Claims-Made Policies and Notifications​

The Professional Indemnity (PI) insurance market presents a number of unique challenges and considerations, particularly around claims-made cover, notification requirements, and disclosure obligations. Understanding these principles is essential for brokers to effectively support their clients and avoid common pitfalls that can impact policy coverage. Join Teresa Yardley, Head of Professional Indemnity at NBS Underwriting, alongside Sam Moore, Managing Partner at Caytons Law, for a webinar exploring some of the key legal and insurance principles that underpin Professional Indemnity cover. They will provide practical insight into how PI policies operate and highlight important considerations when advising clients and placing risks. During the session we will cover: • The key differences between claims-made and occurrence-based insurance policies • Understanding claims, circumstances and notification requirements • Common notification scenarios and how they should be approached • The Duty of Fair Presentation and its importance in PI insurance • Potential consequences of non-disclosure and breaches of fair presentation obligations • Practical guidance and key takeaways to help brokers support their clients more effectively This session will provide valuable insight into the operation of Professional Indemnity insurance, helping brokers better understand the issues that can arise throughout the policy lifecycle and equipping them with practical knowledge to support clients when claims and circumstances occur.