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This new work provides an authoritative and practical guide to the law of professional indemnity insurance (PII). Although governed by the general principles of insurance law, PII gives rise to specific issues which merit special treatment.
Professional Indemnity Insurance provides a clear, succinct account of the general principles of the relevant law, and focuses on professional indemnity related issues.
The book includes exposition of the relevant authorities (including from major Commonwealth jurisdictions) in order to further illustrate points of law and lines of argument. There is a discussion of standard terms (such as the solicitors' Minimum Terms) and of policy wordings in general use. Practical issues such as claims handling and risk management are also covered in full.
The credit crisis has seen a rise in advice being sought on risk management and the collapse of Northern Rock itself has created an increase of claims against valuers. The publication of this new book is timely and it is an invaluable resource for solicitors and barristers specialising in professional liability, and in insurance/reinsurance.