This authoritative and practical guide provides a thorough account of the law and practice of professional indemnity insurance.
Topics examined include the basis of cover, entering the contract, block notification of claims, aggregation, and the exclusion of cover for fraud and dishonesty. The book also considers the standard terms and policy wordings involved in claims policies and the associated issues that can arise in practice.
In addition to providing analysis of English case law, the book also includes authorities from other major Commonwealth jurisdictions to give the most complete interpretation of the law on this specialist area. All key recent cases relating to professional indemnity insurance are covered, for example Omega Proteins Ltd v. Aspen Insurance UK Ltd  EWHC 2280 (Comm) and ACE European Group v. Standard Life Assurance Ltd  EWCA Civ 1713.
Additionally, the new edition considers statutory developments since the last edition, most notably the Third Parties (Rights Against Insurers) Act 2010 and the Insurance Act 2015, and topical issues such as aggregation of claims.
Mark Cannon is a Barrister at 4 New Square with over 20 years' experience. He specialises in professional liability claims in a commercial context, commercial disputes, and construction and insurance. Brendan McGurk is a Barrister at Monckton Chambers where he practices in commercial, public law, and regulatory disputes.
1. Introduction ; 2. The Basis of Cover ; 3. The Insurance Broker ; 4. Entering the Contract ; 5. The Duty of Fair Presentation ; 6. Misrepresentation ; 7. The Construction of the Contract ; 8. Fraud and Dishonesty ; 9. The Indemnity ; 10. The Amount of the Indemnity ; 11. The Obligations on the Insured ; 12. The Defence of Claims by Third Parties ; 13. Third Party Rights Against Insurers