Assurex Global is an exclusive partnership of 108 of the world’s premier independent insurance agents and brokers, which marries local market expertise with global economies of scale.
Organisations are increasingly dependent on information and communication technology (ICT) for their day-to-day activities. Whilst this delivers significant benefits, it may also introduce new risks, which if not managed correctly can significantly impact upon operations, financial performance, legal compliance and reputation. Research suggests that the cost of cyber crime in the UK is £34.1 billion per year.
Traditionally claimants always used to plead complete claims in front of judges, so that if the judge felt minded to find for the claimant then the court would go on to award compensation at the same time. The unsuccessful defendant consultant and its insurers would be bound to pay any damages (possibly with costs in addition) within a relatively short timescale.
It has been more than 10-years since Griffiths & Armour published ‘Professional Indemnity insurance: the not so super market’, a paper written as the financial crash of 2008 took hold and the talk in the insurance industry was of insurer withdrawal, a hardening market, increased cost, restricted class wordings and generally challenging times.
Engineers are commonly asked to sign certificates containing broadly worded statements on conformity of the works with drawings, compliance with relevant regulations or general quality of build. These certificates are usually provided for the benefit of third parties, i.e. for someone other than the engineer’s client.
The recent Scottish decision in Midlothian Council v Bracewell Stirling [2018] CSIH 21 has confirmed what any lead consultant would have hoped in relation to his responsibility for others on the construction team.
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