Headley Insurance Services Ltd
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PROFESSIONAL INDEMNITY INSURANCE 

Industries T - Z

Examples of actual claims made and settled by Insurers.

 

Miscellaneous – T

 

 

Telex Bureau

 

 

It is alleged that the Insured continued to send telexes to destinations that had been cancelled by clients.

 

£29,000

 

 

Trade Association

 

 

A member alleged that he was incorrectly advised regarding a claim for an industrial disease against his employers.  The claim is now time barred.

 

£70,000

 

 

Trade Mark Agents

 

 

The Insured failed to renew on time a registered trade mark and another company has sought to register an identical mark.

 

£70,000

 

The Insured acted for an international company with regard to a trademark for a new product.  A competitor has already registered a similar trademark.

 

£50,000

 

Trustees

 

 

The Insured made an error in carrying out instructions from a Unit Trust.  The purchase of shares was necessary to ameliorate the situation.

 

£85,000

 

The Insured did not act quickly enough in obtaining payments and settlements of share transactions.  Funds were unable to be reinvested because of the delay and a claim was brought for loss of interest and dividends.

 

£70,000

 

A stamp duty refund from the Inland Revenue was not claimed by the Insured.

 

£20,000

 

 

Miscellaneous – U

 

 

Universities

 

A claim was brought alleging breach of patent.

 

£500,000

 

 

The insured was asked to provide a computer system for a client, but it was inadequate for his needs.

 

£30,000

Ensure that these claims don't happen to you and your company, please contact us now and we will be happy to advise you on a professional indemnity policy that is tailored specifically for your needs.

We can be contacted by telephone on 01420 594242, or by filling in our On-line Form.

 

 
Headley Insurance Services Limited is authorised and regulated by the Financial Services Authority in respect of general insurance business.
 
| Headley Insurance Services Ltd, William Curtis House, Lenten Street, Alton, Hants GU34 1HH |
| Offices also at: 1551 Wimborne Road, Kinson, Bournemouth BH10 7AZ |
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