RSA challenged the final decision of an arbitrator who said the Northern Ireland law firm was entitled to compensation for certain losses and liabilities under its master insurance policy. Most statutory compensation policies are permanent and, therefore, it is important that records are kept secure in case the policy needs to be changed in the future. For this reason, the industry profile of a liability insurer should be an important consideration when underwriting the policy, and DUAL Asset is proud to partner with insurers such as Royal and Sun Alliance („RSA“), which underwrite multiple lines of insurance and have a Standard & Poor A rating. We have partnered with Royal and Sun Alliance Insurance plc (RSA), one of the UK`s leading insurers, to offer our customers market-leading transmission products. Our research shows that lawyers understand the importance of the insurer`s reputation when choosing long-term insurance products. He disagreed with Tughans` analysis that she was entitled to compensation only to the extent that she had already paid part of the contingency fees (e.g. to HMRC), so that part of those fees was no longer available to satisfy Brown Rudnick`s claim. This approach would involve „a series of fine judgments“ on what steps to take after receiving the funds to trigger compensation under professional liability insurance, which would not be satisfactory. `The restitution of a sum of money paid to the insured to which he has never had a legal right does not, in my view, constitute compensable damage under professional indemnity insurance, since there is no clear wording to that effect. Nor am I convinced that the use of these funds by the insured between receipt and judgment changes my analysis. It is the determination of liability by settlement, judgment or attribution that causes the compensable loss in liability insurance coverage. Foxton J.
began his analysis by referring to the accepted principle that third-party liability insurance entitles the insured to compensation for his actual injury, but no more than his actual loss. He went on to say that insurance clauses in professional insurance policies can sometimes be qualified by a clause stating that „damages must not include or involve gains, reimbursements, forfeitures of unjust enrichment or future profits by an insured.“ He then referred to an authority that had invoked the principle of compensation to justify why professional indemnity insurance would never cover a claim for restitution. Because RSA is one of the oldest insurers in the country, you can be sure that you are being served by a company with an excellent reputation and tradition, with the services of LawSure Insurance (formerly known as Litigation Protection), which are themselves liability insurance experts. We offer our lawyers the choice between a self-issuance kit, where we give you the power to write your own presentation note, or you can fill out a cover online through our online cover note system. With over 75 years of professional liability experience, we offer a service you can count on. In a recent judgment, Justice Foxton stated that a claim for damages against a law firm for the fees to which it was contractually entitled was covered by the firm`s professional liability insurance. He considered that it was irrelevant that the fees were obtained through the lawyer`s fraudulent misrepresentation, provided that the lawyer did what was required under the contract to earn the fees. The decision is not well received by insurers. RSA has been providing insurance to Motability car customers since 1995 and to motorized wheelchair and scooter customers since 2010. Comprehensive insurance to protect businesses from cyber risks.
RSA was founded in 1706 and was originally known as Sun Insurance. Over the next three centuries, this pioneering insurance company became the internationally recognized FTSE 100 company, now known as RSA. “ . If the lawyer has made the necessary contractual arrangements to give rise to a claim for fees, the award of damages equal to the amount of the fees payable generally constitutes a loss within the meaning of professional indemnity insurance.