Community Action Groups Professional Indemnity Insurance

As specialist in the arrangement of community action groups professional indemnity insurance we offer a first class service in both the arrangement and administration of your community action groups professional indemnity insurance making sure that you receive the protection that you require from your professional liability insurance.

The policy will meet the costs of any awards made against you and importantly, the cost of any legal defence in respect of claims made against you whether or not you are ultimately found responsible for the claim.

Professional indemnity insurance for a community action group is arranged on a claims made basis. This means, unlike other general insurances, that the policy only responds to claims made against the community action group during the policy year. This has a significant consequences if your policy is allowed to lapse or is cancelled and when you retire or sell your business on, as any claims made against you after the policy is expired will not be covered under the community action groups professional indemnity insurance policy.

The limit of indemnity under the professional indemnity insurance for a community action group is the maximum limit of the insurer’s liability under that policy in respect of a claim or number of claims depending upon whether the policy is on an aggregate basis or an each and every basis. It is your responsibility to ensure that the limit of indemnity under your community action groups professional indemnity insurance policy is adequate for your needs and this decision will in part be based upon your own opinion of the risks to which you are exposed and the contractual requirements that may exist upon you from the clients that you work for.

Is the community action groups professional indemnity insurance policy on an aggregate basis or an each every basis?

Traditionally, professional indemnity insurance policies were issued on an aggregate basis and many still are, however community action groups professional indemnity insurance policies are now more generally available on an each and every claim basis and this has a clear advantage over the aggregate basis for policyholders. Under an aggregate basis the limit of indemnity is the maximum payable in respect of any one claim and all claims in a single policy year. The each and every claim basis means that the full limit of indemnity is available in respect of all claims in a policy year.

What is the excess under the community action groups professional indemnity insurance policy?

The policy excess is the amount that you will have to contribute in respect of each and every claim that occurs under the policy. You can achieve savings on the cost of your community action groups professional indemnity insurance if you choose to accept a higher policy excess.

Does the community action groups professional indemnity insurance policy cover me in respect of public liability claims?

The standard community action groups professional indemnity insurance policy does not include cover in respect of claims for bodily injury and property damage arising during the course of your work. This would be covered by a public liability policy but we can include this cover for you upon request.

How much does professional indemnity insurance for a community action group cost?

The cost of your community action groups professional indemnity insurance will depend on a few key factors; the exact nature of your work, who you undertake work for, the amount of work you undertake annually and your claims history in the past.

What is community action groups run off professional indemnity insurance?

As a community action group you can purchase a run off professional indemnity insurance policy to protect you against claims made against you in the future in respect of work carried out in the past. This is very important when you come to retire or sell your business as your existing policy will not continue to protect you as a result of the claims made nature of the policy. What is the retroactive date under an community action groups professional indemnity insurance policy? The retroactive date under your policy is the date from which claims arising out of work undertaken from this date will be responded to by the policy. This should be the date of your first policy, when you started trading or better still a zero date which confers cover in respect of all dates in the past.