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Case Studies

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protects
your business against compensation...

Case Study - Professional Indemnity insurance

Professional Indemnity insurance protects your business against compensation sought by a client if you have given incorrect advice that results in financial loss to your clients or are found to have been negligent in some or all of the services that you provide for them. Professional Indemnity insurance will also cover any legal costs.

The Accountant
The insured provided advice to clients regarding their exposure to Capital Gains Tax following the sale of the client's business. The advice is alleged to have been negligent.
Amount Paid £600,000

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protects
against loss of income...

Case Study - Business Interruption insurances

Business Interruption insurance, also known as consequential loss or loss of profits insurance, provides cover in respect of compensation for loss of income if your company has to vacate the premises due to disaster-related damage that is covered under your material damage insurance policy. Business Interruption insurance covers the profits you would have earned, based on your financial records, had the disaster not occurred. In addition, the policy covers additional expenses incurred in sourcing or setting up alternative premises to continue trading such as increased rental costs, installation of phone lines, internal fitting out of premises, gas or electricity.

The Post Production Company
A post production/corporate production company based in London suffered a total loss to their premises following a fire. The fire caused the business to have to relocate to numerous premises in the surrounding area to ensure that they continued to trade.
Amount Paid £500,000

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protects
the personal assets of directors...

Case Study - Directors and Officers insurance

Directors and Officers insurance is a policy designed to protect the personal assets of individuals, directors, non-executive directors and officers within a business environment. The policy will provide protection and compensation against a wide range of claims which may be made against you arising from your actions whilst managing your business.

The insolvency case
A company was placed into receivership and the receiver issued proceedings against nine former directors alleging various errors and omissions which may have precipitated the insolvency; in particular their failure to authorise an increase in share capital despite shareholder approval for the action. The directors were alleged to be jointly liable for the shortfall in assets.
Amount Paid £3,580,000

Authorised and Regulated by the Financial Services Authority (Firm Reference Number 300927).