Darren Upton - Professional Indemnity Claim

[DeludedAussie]

Please lets keep this a serious thread

Has anyone considered and made progress with claiming on his PI policy?

[NotAllThere]

Serious question - moved to serious forum.

[jmo21]

I'd hazard a guess and say he didn't keep up the payments.

[Nixon Williams]

Before he was struck off by ACCA, they had withdrawn his practising certificate, there are no details why this was done, but one reason could be that he did not have PI Insurance.

[eek]

Before he was struck off by ACCA, they had withdrawn his practising certificate, there are no details why this was done, but one reason could be that he did not have PI Insurance.

That is just an assumption without foundation (unless you can prove otherwise). I would have thought running an investment fund without FSA approval was a more plausible basis for being kicked out of ACCA.

[SimonMac]

Just checked the wording of my PI

Dishonest, fraudulent or malicious act or omission of any former or present Employee (which
term, for the purpose of this clause alone, shall not include any principal, partner, member or
director of the Insured) provided that no indemnity shall be given under this Policy in the
event that any principal, partner, member or director of the Insured conspired to commit or
condoned any such dishonest, fraudulent or malicious act or omission;

And it seems you are out of luck trying to claim on PI (assuming his conditions will be similar)