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Practice notes
Duty of 'fair presentation'Under the Insurance Act 2015, s 3 (IA 2015), the insured has a duty to make a 'fair presentation' of the risk to the...
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9th Nov
Practice notes
This Practice Note looks at the limitation period for professional negligence (prof neg) claims and explains how to determine the date of accrual in...
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9th Nov
Practice notes
This Practice Note explains the Principles for Businesses (PRIN) set down by the Financial Conduct Authority (FCA). The Principles form part of the...
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9th Nov
Practice notes
Brexit: The UK's departure from the EU on exit day, ie 31 January 2020, has implications for practitioners considering road traffic accidents. For...
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9th Nov
Practice notes
What is insurance law?Insurance law can be split into three parts:•insurance contract law which governs the contractual relationship between insureds...
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9th Nov
Practice notes
Vitiation of an insurance policyAn insurance policy may be vitiated (or invalidated) if the insured:•misrepresents or fails to disclose any material...
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9th Nov
Practice notes
Decennial insurance is insurance that is taken out by contractors to cover costs associated with the potential collapse of a building after completion...
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Produced in partnership with David Savage of Charles Russell Speechlys LLP 12th Jan
Practice notes
What is subrogation?Subrogation is an equitable mechanism aimed at preventing unjust enrichment by permitting one party to ‘step into the shoes’ of...
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9th Nov
Practice notes
This Practice Note considers fundamental dishonesty both in the context of section 57 of the Criminal Justice and Courts Act 2015 (CJCA 2015) and the...
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9th Nov
Practice notes
The Practice Note entitled EU/UK financial and trade sanctions for insurers outlines the sanctions applicable to insurers, the nature of those...
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Produced in partnership with Daniel Martin of HFW 12th Jan
Practice notes
This Practice Note describes the main principles of marine insurance as governed by the Marine Insurance Act 1906. It looks at the principles of...
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9th Nov
Practice notes
The parties to a reinsurance contract and reinsurance terminologyThe principal parties to any reinsurance contract are the reinsurer, who assumes the...
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9th Nov
Practice notes
This Practice Note covers the legal framework and regulatory guidance to be considered in determining whether an arrangement constitutes a contract of...
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Produced in partnership with RPC 12th Jan
Practice notes
On 29 August 2015, the Prudential Regulation Authority (PRA) published the PRA Rulebook (Rulebook). The transition from the Handbook to the Rulebook...
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9th Nov
Practice notes
The Financial Conduct Authority Handbook (FCA Handbook) includes sourcebooks to regulate the conduct of business by a regulated firm relevant to...
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9th Nov
Practice notes
Overlapping insurance policesThere are various reasons why an insured may end up with overlapping insurance cover, whether deliberately or...
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Produced in partnership with Susie Wakefield and Matthew Brown of Shoosmiths LLP 12th Jan

Most recent Insurance contracts content

Practice notes
Insurable interestThis Practice Note considers insurable interest, including insurable interest in construction and liability insurance. It also...
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Produced in partnership with Dr Franziska Arnold-Dwyer of Centre for Commercial Law Studies at Queen Mary University of London 16th May
Practice notes
Double insurance and contributionOverlapping insurance policesThere are various reasons why an insured may end up with overlapping insurance cover,...
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Produced in partnership with Susie Wakefield and Matthew Brown of Shoosmiths LLP 16th May
Practice notes
General principles of insurance contract lawWhat is insurance law?Insurance law can be split into three parts:•insurance contract law which governs...
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16th May
Practice notes
Exclusion clauses in insurance contractsWhat are exclusion clausesUnlike some exclusion or exemption clauses in ordinary contracts, an exclusion...
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Produced in partnership with Susie Wakefield of Shoosmiths 16th May
Practice notes
Insurance clauses in commercial agreements—guidance notesIntroductionOne of the purposes of a commercial contract is to allocate risk and liability...
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Produced in partnership with Frank Thompson and Tomás Mac Gearailt of Eversheds LLP 16th May
Practice notes
Insurance Act 2015 (IA 2015)—essentialsIntroduction to the Insurance Act 2015The Insurance Act 2015 (IA 2015) received Royal Assent on 12 February...
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Produced in partnership with Oliver Saunders of Bryan Cave Leighton Paisner LLP 16th May
Practice notes
A guide to the Consumer Insurance (Disclosure and Representations) Act 2012Insurance contracts have always had an aura of mystery about them in the...
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Produced in partnership with Alexander Rosenfield of Fenchurch Law and John Curran of Fenchurch Law 16th May
Q&As
When the Third Parties (Rights Against Insurers) Act 2010 applies, the rights of the insured (ie the ‘relevant person’) are automatically transferred...
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25th Mar
Q&As
An indemnity to principals clause, as defined in Commentary: Who insures?: Manual of Construction Agreements [13], is a common feature of liability...
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25th Mar
Q&As
Considering the general rules of construction and interpretation of insurance policies, the following Practice Note may be useful: General principles...
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25th Mar
Q&As
The following questions potentially arise:•has there been an increase in risk which the insured is obliged to disclose during the currency of the...
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Produced in partnership with Julia Dias QC of 7KBW 25th Mar
Q&As
Under section 5 of the Limitation Act 1980, an action on a contract must be brought within six years from the date of accrual of the action; and 12...
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25th Mar
Precedents
1 Insurance 1.1 The Supplier must for the duration of this Agreement and for a period of [insert figure] years after...
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26th Sep
Practice notes
This flowchart provides an overview of the application of the Third Parties (Rights Against Insurers) Act 2010 and the Third Parties...
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26th Sep

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