By: Matthew Atkinson & Morgan Fee, Fee Langstone

Duration: 53:03

This webinar also offers an optional quiz that will award an additional 0.5 of CPD.

Historically, General Liability and Professional Indemnity policies were sold to different customers.

General Liability policies were sold to customers who did things (and occasionally broke things). Professional Indemnity policies were sold to customers who told other people how to do things (and occasionally got it wrong).

There was also a widely accepted principle that insurers should not insure an insured's own business risk. The cost of correcting defective work, replacing faulty products, or performing contractual obligations properly was a commercial risk to be borne by the business itself.

Today, those distinctions are becoming increasingly blurred:

• Professional Indemnity policies are frequently issued to insureds who do not fall within the traditional professions such as law, accounting and engineering.
• General Liability policies increasingly provide extensions for defective workmanship.
• Many businesses both perform work and provide advice, creating uncertainty as to whether a claim falls within GL cover, PI cover, both, or neither.

This practical seminar examines the increasingly blurred boundary between General Liability and Professional Indemnity insurance. Using real claim examples, we will explore defective workmanship, defective design, professional services provided by non-traditional professionals, and the difficult question of where insurable risk ends and uninsured business risk begins.

The seminar will provide practical guidance for brokers seeking to identify coverage gaps, place appropriate cover, and better understand how modern liability policies respond to complex claims.