Tag Archives: Professional indemnity


A changing Professional Indemnity market needn’t mean problems
September 30, 2020

A changing Professional Indemnity market needn’t mean problems

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Many contractors are now asking their subcontractors to have Professional Indemnity insurance in place to secure contracts. But what is it and what do you need to consider?   Professional Indemnity (PI) insurance provides:   1. Source cover from a reliable, long-term insurer – with the PI market open to transitioning from a soft market…

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Why Professional Indemnity Insurance Is Essential
November 10, 2019

Why Professional Indemnity Insurance Is Essential

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What if you provide advice and consultancy and there’s a mistake in the advice you’ve given? What if you provide an expert service and there’s a mistake in designs, plans or calculations? What if you handle people’s information and you face claims that you accidentally disclosed data or infringed on a client’s legal rights? If…

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Commercial Insurance Awards 2019 Finalist
December 21, 2018

Commercial Insurance Awards 2019 Finalist

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Congratulations to the whole team at Ascend Broking Group for our recent achievements in the Commercial Insurance sector. We are shortlisted for SIX awards at the annual Commercial Insurance Awards 2019 hosted by CIR Magazine.   Categories: Broker of the Year Categories: Regional Broker of the Year Categories: Growth Business of the Year Categories: Initiative of the Year Categories: Claims Team of the Year Categories: Social…

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Legal News – three items of interest for the construction community
November 2, 2018

Legal News – three items of interest for the construction community

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Phoenixing – Construction bosses who phoenix firms could now face fines or bans Construction is one of the UK industries that suffers the most from ‘phoenixing’ – folding a firm to avoid debts then starting up a near identical business with a new name. Now directors who do this could face hefty fines or be…

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Ascend 24/7 – Our revolutionary client app video
May 24, 2018

Ascend 24/7 – Our revolutionary client app video

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Access your policy documents 24/7 Changing the way you manage your insurance programme We like to do things a bit differently at Ascend and are delighted to advise of the launch of Ascend 24/7 an online client portal and app that allows all our customers to access our back office system. Whether you are looking to change…

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Directors & Officers Insurance – do you know you could lose your ENTIRE wealth?
April 23, 2018

Directors & Officers Insurance – do you know you could lose your ENTIRE wealth?

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Many people mistakenly believe that as a director of a limited company, they have no personal liability in regard to their corporate actions and that is not limited just to directors, proceedings can be issued against people in almost any managerial or supervisory position. Could that be you? The truth is that while most corporate…

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Professional Indemnity Insurance
April 19, 2018

Professional Indemnity Insurance

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Professional Indemnity (PI) is an essential insurance cover that will protect you against negligence claims from unhappy customers. If you are starting out in business or are an established business providing professional advice for a fee then chances are you will be obliged to take out some kind of business insurance as a condition of…

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Plant Insurance – (the bit that dropped off)
April 3, 2018

Plant Insurance – (the bit that dropped off)

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It seems that most Contractors (and their brokers) are quite unaware that the cover they buy for Plant and Hired-in Plant is far from the best. Perhaps 99% of Contractors have their Plant and Hired-in Plant insured under a standard Contractors All Risks policy and if you are one of them just ask yourself, does…

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Time to direct yourself to D&O insurance?
April 2, 2018

Time to direct yourself to D&O insurance?

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Heading up a company is not easy. Directors are governed by a plethora of laws and regulations threatening financial exposure and personal sanctions should any breach occur. It may not even be a result of your personal negligence. You may just have been unaware what others under you control and jurisdiction were doing. Many people…

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Business Description – A Cautionary Tale
February 12, 2018

Business Description – A Cautionary Tale

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Does your business description on your policy documentation fully describe all your business activities? We often discover inaccurate or incorrect descriptions which could make a policy void in the event of a claim, we explain more ….. A man is working on a building site somewhere in Essex. A trained operator, he is digging a hole…

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