Rank: Super forum user 
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Hi, I just had a chat with my PI insurer and they told me there is no time limit on claims against me. Something I wasn't aware of.
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 1 user thanked firesafety101 for this useful post.
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Rank: Super forum user 
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Did they say why it would be so different from any other civil claim (very few exceptions)
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Rank: Super forum user 
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How can there be any time limit on advice?
Based upon what you have communicated decisions and actions have been taken by others which could take many decades to be questioned.
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2 users thanked Roundtuit for this useful post.
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Rank: Super forum user
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How can there be any time limit on advice?
Based upon what you have communicated decisions and actions have been taken by others which could take many decades to be questioned.
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2 users thanked Roundtuit for this useful post.
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Rank: Super forum user
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There is no limit on PI claims as they are typically not discovered 10+ years after the event, if the firm has closed then there can also be an avenue for personal claim aganst a sole trader for example or in more recent challenges employees...some professional services have a mandatory PI run off period i.e solicitors, accountants 2 (6 years advisory)...architects have 6 years advisory period.. The Limitation Act - you have 6 years from the date the negligence occured or 3 years from when first discovered for a claim to be made against you...there is a limit...even with the date of knowledge rule if it has not been made within 15 years of the event it cannot be made... It is good practice to ensure you have that cover...depending on the risk or the risk arena you operate in..
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2 users thanked stevedm for this useful post.
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