Excess Professional Indemnity Insurance - Lonmar
Contact name:
Robin Wilson
Telephone:
0207 204 3625
Email:
robin.wilson@lonmar.com
Website:
Click on the Lonmar logo above
Quote:
Bar Council
Excess Professional Indemnity Insurance
Are you adequately protected?
You can now get your quote online, taking less than 3 minutes and on acceptance, the policy document will be available immediately. Click here to find out more.
Lonmar (previously known as SBJ) have arranged facilities with a panel of leading insurers to provide excess Professional Indemnity Insurance for Limits of Indemnity up to GBP 82,500,000 in excess of GBP 2,500,000 under the Bar Mutual Indemnity Fund.
Aggregate or Any One Claim.
The Bar Mutual Indemnity Fund (BMIF) rules changed on 1 April 2006. BMIF now regard as one claim, claims arising from;
(a) the same act or omission; or
(b) a series or group of related acts or omissions; or
(c) a series or group of similar acts or omissions; or
(d) the same originating cause,
It is therefore essential, to ensure that your excess layer cover is sufficient to meet claims, that might be subject to aggregation in light of this.
Claims Made Cover.
We have also noticed, that in some cases, the Limit of Cover that a barrister chooses to purchase in excess of the BMIF fluctuates significantly from one year to the next. A possible reason is that a barrister considers the Limit of Cover required, based on current work. It should be remembered however, that cover operates on a ‘claims made’ basis and as such it is the policy (or Limit of Cover) in force at the time a claim is made that will respond and not the policy (or Limit of Cover) in force when the work was undertaken.
For quotations for Professional Indemnity Insurance in excess of BMIF please contact Lonmar using the contact details above.
