In light of the Jones -v- Kaney ruling, it is clear that adequate Professional Indemnity Insurance coverage is now more or less essential for expert witnesses. Together with the litigious nature of today’s society, the ruling seems very likely to see expert witnesses the subject of more claims – whether real or vexatious.
Working with Lockton Companies LLP, we have designed the UK Register of Expert Witnesses Professional Indemnity Insurance scheme, insured by RSA and underwritten by Mapledown. It has been created specifically to offer insurance for the expert witness work you do. It can be taken out to provide additional cover if you already have insurance in place for your non-forensic work, or to offer new cover if your work is entirely forensic. Alternatively, if you wished to obtain cover for all your work, forensic and otherwise, this can be considered too.
A valuable additional feature of the scheme is the option to buy a single run-off policy when you retire from active expert witness work. A one-off premium, negotiated at the point of retirement, will provide 6 years protection against any nasty ‘sting in the tail’ claim that might arise. Six years will see most cases reach their statutory limitation period after which, generally, no further claim can arise.
Having insurance means that the insurer will be able to manage any claims on your behalf, and in the worst case settle the claim should that become necessary. In other words, any claim against you no longer needs to deflect you from productive work, or keep you awake at night!
This scheme is exclusive to members of the UK Register of Expert Witnesses and provides cover from £500,000 upwards.
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