• Putting your fires out

    Putting your fires out

Insurable Risks

For anyone with professional indemnity insurance (PII) or similar cover for their errors, a third party claim exposure, once notified to the insurer, is usually transferred under the terms of the Policy to the insurers, who deal with it through their own claims teams and panel lawyers. Often that is exactly what the Policyholder needs: the problem is taken off them and they are freed up to get on with their own business, while the insurer picks up the trouble and costs of defending the claim.

But not always…. Sometimes there are coverage obstacles or issues; or the claim is commercially sensitive for the Policyholder or the reputation of his business; or the insurer's wish to pay the claim, at all or for too much, may be bad or disagreeable for the Policyholder.

FMWL are experienced in helping policyholders, or insurers, in these situations, which include: 

  •     Uninsured/able risks and/or prospective losses; including sub-insurance excess exposures, complaints and regulatory exposures, reputational exposures and trade loss exposures;
  •     Insurable risks for which firms or individuals prefer to obtain their own advice, either as part of their insurer-approved defence strategy, or independently, alternatively or additionally to the services generated or procured by insurers;
  •     Resolving or avoiding problems with the ongoing conduct of a claim response; including avoidable delay, misdirection or miscommunication.
  •     Coverage disputes or issues; and
  •     Apprehended or potential, but not-yet-crystallised, circumstances or exposures, requiring both pro-active contingency planning in response to emerging risks, and risk analysis and advice once a claim has been made.

For more information on insurable risks, do not hesitate to get in touch with Yorkshire based, specialist professional indemnity lawyer Mike Willis. 

Professional Risk Expertise

Mike Willis has worked with a diverse range of professions including...

The FMWL Approach …

  • Accurate understanding and technical analysis;
  • Focus on duty, causal event(s) and consequences; not gossip…
  • Sensitive but objective empathy;
  • Overarching commerciality; and
  • Clear aims, with vision where necessary to explore indirect routes to solutions.