The number of cases brought against surveyors of property for negligence allegedly caused during the property boom era has increased markedly over the last few years but not all of them are successful
The rising cost of legal action due to cosmetic surgery that has gone wrong is forcing anybody who is connected with the surgery to ensure they are properly covered by sufficient PI insurance.
The outcomes from current investment disasters have persuaded professional indemnity insurance providers to place restraints on the cover they offer to financial advisers.
In a move that appears to have raised a few hackles amongst the IFA’s, the City’s financial watchdog, the FSA, has asked those advisers that might have had liability in respect to the failure of CF Arch Cru Ltd to provide details of their professional indemnity insurance policies.
Countrywide, the UK’s largest residential property broker, faced at least 38 cases of litigation against it last year alone for negligence related to surveying of properties in the housing boom era.
2012 may go down as the year in which the government sets out to cut back on what it sees as excessive health and safety legislation which they see as being exploited by aggressive legal firms seeking to make claims under PI insurance cover.
Company directors and senior officers feel that the economic crisis is causing them to be more exposed to liability risks and the threat is likely to intensify in the current New Year.
Most agricultural shows require large animal exhibitors to hold third party liability insurance. It may not be of concern to full time professional farmers as they will already be covered but might be forgotten by small scale farmers who keep animals.
A surgeon, whose specialist work entailed modifications to women’s vaginas to enable them to have more exciting sex lives, has had his medical licence revoked due to complications resulting from his poor medical procedures.
The fear of litigation is not confined to the U.S.A. it seems but has become a feature in professional life in India’s capital, Delhi, as well according to a Times of India report out recently.