CABE Insurance has released a series of articles to provide Industry Professionals with the fundamental principles of Professional Indemnity Insurance (PII)
The fourth article in CABE Insurance's Back to Basics series focuses on Settlement and Insurer's Consent.
"Given that the Clause uses relatively clear, straightforward language to set out the obligations, it is quite clear that you should not make any admission that an error has been made on your part."
This article provides information on the technicalities of settling claims under Professional Indemnity Insurance policies and the concept of 'insurer's consent enshrined in the terms and conditions of such policies.
These articles have been developed by CABE Insurance to help Members and Non-Members gain a thorough understanding of Professional Indemnity Insurance (PII).
To view the full series of the Back to Basics articles, please visit the CABE Insurance website.
If you have any further questions about Professional Indemnity Insurance or would like to receive a FREE quotation please contact CABE Insurance on 0161 237 3199.