This is a well known trade association for the rail industry. It arranges events and disseminates valuable technical information for the benefit of the rail industry.
We found that their insurance had not kept pace with the business and that they had not received a visit from their brokers for some years.
The description of insured activities did not match what the association did any more and as a result the insurers could have potentially refused claims because of non-disclosure of material facts.
Jobson James Rail wrote an updated risk presentation about the business and closed the gaps in cover. We also provided clear advice on the use of consultants and clarified whether insurers would pursue them if they caused Professional Indemnity claims.
We also provided better cover for the executive management team for their personal liabilities and gave advice on process of decision making on suitable limits.