Professional Indemnity Insurance by Mark Cannon QC

Professional Indemnity Insurance

This new book is a comprehensive and practical guide to professional indemnity insurance law (PII). Although governed by conventional insurance law principles, PII raises unique difficulties that require special attention.

Professional Indemnity Insurance focuses on professional indemnity concerns and provides a clear, concise description of the general concepts of the applicable law.

To better demonstrate points of law and lines of argument, the book provides exposition of key authorities (including from significant Commonwealth jurisdictions). Standard terms (such as the lawyers' Minimum Terms) and policy wordings in general use are discussed. Practical topics like claim handling and risk management are also thoroughly discussed.

The credit crisis has increased the demand for risk management advice, and the collapse of Northern Rock has resulted in an increase in claims against valuers. This new book is timely, and it will be an invaluable resource for solicitors and barristers who practise professional liability and insurance/reinsurance.

TABLE OF CONTENTS of Professional Indemnity Insurance

1: Introduction
2: Bases of cover
3: Formation of contract (1): the role of the broker
4: Formation of contract (2): making the contract
5: Formation of contract (3): the duty of good faith
6: Formation of contract (4): misrepresentation
7: Construction of the contract of insurance
8: Dishonesty and professional indemnity
9: Claims (1): What liabilities are covered?
10: Claims (2): Aggregation of claims and deductibles
11: Claims (3): The obligations of the insured
12: Claims (4): Claims handling
13: Third Party Rights
14: Subrogation
15: Limitation
16: Risk management

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