Professional indemnity Insurance Scheme
In response to members needs, we undertook a survey in December 2008 on what our membership might want from Professional Indemnity insurance.
Working with a Lloyd's of London broker (Lothbury UK) and a multinational insurance company (QBE) we looked at the feasibility of providing Institute members with competitive Professional Indemnity insurance rates globally.
In February 2009 we were pleased to launch the PI insurance scheme for CIArb members, where members of the Institute - whether they are arbitrators, mediators or adjudicators - can access competitive rates of insurance cover from annual premium rates as low as £250 (plus local tax as applicable).
Based on a simple system of domicile#, annual fees and limit required, a quote can be provided very quickly, and cover can be arranged upon a simple proposal form being submitted.
"I saved 60% on my PI insurance premium by using Lothbury and the CIArb scheme" Chartered Arbitrator, East Anglia (UK) - March 2010
Key benefits:
- Open to members of the CIArb only and a time-limited Affiliateship offer to retired members of the Bar and Bench.
- Gives cover for work undertaken anywhere in the world
- No limit to the number of claims made in the policy year
- Quick quotes available
- Limit is for any one claim
- Low Excesses
- Provides cover for all arbitration, adjudication and mediation work
More information
If you wish to obtain a quote, please email CIArb@lothburyuk.com and state your:
- Name
- CIArb membership number or Affiliate reference number**
- Domicile (the country you reside in)
- Annual fees (Local currency and approximate Sterling equivalent)
- Limit required: £250,000, £500,000, £1m, other (please state)
#please note that there may be exclusions to certain domicile countries
Last Updated: 01 April 2010