DAC Beachcroft - Practice Management Series

DAC Beachcroft in collaboration with the Chartered Institute of Taxation is offering a series of Free Webinars with a focus on all aspects of Professional Indemnity Insurance for CIOT members!

DAC Beachcroft is an international law firm with market leading sector knowledge in insurance.

In these Practice Management Series you will get an expert advice on a number areas:

- The common causes of claims against tax professionals
- The concept of limitation
- The hardening PII market
- Notification of claims to insurers. When does the duty to notify arise?
- How can you avoid professional negligence claims?
- How to react when a (former) client requests your file of papers
- What to expect when faced with a professional negligence claim

Our first webinar in the series with DAC Beachcroft:

1. An overview of Professional Negligence principles
Date: Monday, 1^st November 2021
Time: 12:00 - 13:00

Topics that were covered in this webinar:

The common causes of claims against tax professionals
How liabilities can arise and the benchmark of a reasonably competent tax advisor
Issues of causation, loss and mitigation
The concept of limitation
Some recent case examples

SPEAKERS

Suzanne Wharton
Partner
Suzanne leads DAC Beachcroft’s Professional & Commercial Risk North team of 70 lawyers across four locations in Leeds, Manchester, Newcastle & Edinburgh.
Suzanne specialises in professional negligence claims, acting largely for the London market with a particular focus on accountants and tax professionals. She has over 25 years’ experience advising insurers and large corporate insureds across a range of issues arising from all areas of private practice as well as managing complex, large, and often multi party disputes.

Mark Cawthorne
Senior Associate
Mark acts for many of the leading professional indemnity insurers and their insured clients.
Mark’s practice is focused upon defending professional negligence claims, with a particular emphasis on claims against accountants and tax professionals.

To view a recording of this webinar, please CLICK HERE!

Our second webinar in the series:

2. Professional Indemnity Insurance: What do insurers need to know, and when?
Date: Wednesday, 9^th March 2022
Time: 14:00 - 15:00

Topics that were covered in this webinar:

An overview of the current professional indemnity insurance market – why have premiums generally increased in recent times?
What is the duty of fair presentation in the context of insurance and why is it so important?
When does the duty to notify insurers of a claim, or potential claim arise, and what are the potential consequences of failing to meet those obligations?

SPEAKERS

Sarah Crowther
Partner
Sarah specialises in Professional Indemnity, Directors & Officers and Financial Institutions coverage disputes and defence work. She has over 15 years’ experience advising clients across a range of sectors.
Sarah contributes to articles for both the Insurance and National press, and to our Informed Insurance thought leadership and predictions, and is DACB’s representative for ClimateWise, part of the Centre for Sustainable Finance. Sarah’s cases generally involve complex, high value claims, often with an international element. She is experienced in mediation and arbitration. Sarah has a strong understanding of the London Market having undertaken secondments in the claims teams at two Insurers and in the legal team at a global insurance brokerage.

Lindsay Elliott
Senior Associate
Lindsay specialises in financial services dispute resolution and has almost 20 years’ experience in dealing with claims against accountants, auditors, financial advisers, wealth management firms and other financial institutions. She is regularly instructed on behalf of financial services professionals and insurers to defend and resolve litigated claims, FOS complaints and regulatory matters. She also advises insurers on policy coverage issues and coverage challenges. Lindsay has extensive experience in tax scheme litigation and across the spectrum of investments, including film finance partnership schemes, carbon-trading, EBTs, the Keydata litigation, traded life policies, ARM, Arch Cru, GTEPS, UCIS and VCTs among others.

To view the recording of this webinar, please CLICK HERE!

Our final webinar in the series:

3. Professional Negligence: Risk Management
Date: Thursday, 30^th June 2022
Time: 11:00 - 12:00

Topics that were covered in this webinar:

What practical steps can you take to try and avoid professional negligence claims;
The importance of the retainer letter;
How to react when a client or former client requests your file of papers;
What to expect when faced with a professional negligence claim.

SPEAKERS

David Withers
Senior Associate
David is a commercial litigator in DAC Beachcroft Bristol office. He specialises in disputes in the financial services industry including defending negligence claims, in particular against accountants, financial advisers and pension administrators and trustees.
Separately, David is also instructed by insurers to advise on coverage disputes in relation to professional indemnity policies.

To view the recording of this webinar, please CLICK HERE!

WHY DAC Beachcroft?

o They specialise in advising accountants, tax practitioners, bookkeepers and their professional indemnity insurers in professional negligence claims and wider dispute resolution.

o They have detailed knowledge of the sector and market and offer technical excellence combined with genuine insurance expertise.

o They recognise not only how daunting it can be for a professional to face a negligence claim but also the potential for reputational impact, stress, anxiety and general management time that can often arise.

o They advise on a broad range of claims including alleged negligent audits, inaccurate company and share valuations, corporate and individual insolvency and all aspects of taxation. They also regularly instruct on matters of insurance coverage and policy response issues.

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