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Apex News · Updated 28 September 2026
Regulator changes, market moves and deadlines that affect what UK professional firms and businesses buy — reported by the brokers who place the cover, with the primary source linked on every story.
In short
Apex News covers UK professional indemnity, commercial, cyber and directors’ and officers’ insurance: regulator minimum-terms changes (SRA, ICAEW, ACCA, RICS, ARB, FCA), Companies House and HMRC deadlines that change a firm’s risk, insurer appetite and pricing shifts, and Apex’s own data releases such as the PI Premium Index. Stories are short, dated, sourced and written for the firms that have to act on them.
Professional indemnity insures the consequences of getting the work wrong; cyber insures the consequences of your systems being attacked or your data being lost. A growing set of losses sits on the line between the two — and where a firm has bought each policy separately, without checking that they meet in the middle, a claim can slip through the join and land on the firm.
Brokers' 2026 market reviews describe UK professional indemnity as a soft market: strong capacity, active competition and, for firms with a clean claims record, real room to negotiate. For a larger firm that is leverage — but the value lies in strengthening cover, limits and long-term insurer support, not simply banking a discount. The claims-made basics still decide who pays.
Professional indemnity is written on a claims-made basis: the policy that responds is the one in force when a claim is made or a circumstance is notified — not when the work was done. Notify a known problem in the right year and that year’s cover is locked in.
The 12-month transition that began on 18 November 2025 ends on 18 November 2026. Existing directors must verify before their company’s next confirmation statement is due; failing to do so is an offence.
Many firms still renew on 1 October, the old common renewal date. A firm that cannot renew gets 90 days of cover from its last insurer — and can take no new work for 60 of them.
Two professional indemnity policies can carry the same headline limit and behave completely differently when a claim arrives — because one meets the cost of defending you on top of that limit, and the other takes it out of the limit.
Architects billing around £150,000 a year typically paid £1,130 to £2,070 for £1m of cover; accountants pay the lowest rate of any profession. The Index is built from around 940 of Apex’s own placements.
Eight dated commitments, signed by a director, after a decade in which most of the UK’s best-known professional indemnity specialists were bought.
A larger firm rarely buys its whole professional indemnity limit from a single insurer. Instead the cover is built as a “tower” — a primary policy with one or more excess layers stacked above it. It is an efficient way to
An aggregation clause decides whether several related claims count as one claim against your professional indemnity limit or as many. For a larger firm buying a layered programme, that single word — “related” — can b
The Building Safety Act 2022 sharply lengthened how long construction professionals can be sued over defective work — up to 30 years for some completed projects. Because professional indemnity insurance responds on a claims-made basis, that
When your firm buys professional indemnity insurance, the law requires you to give the insurer a fair presentation of the risk . Get it right and your cover holds. Get it wrong — even by honest oversight — and the insurer can charge more, c
Professional indemnity insurance moves in cycles. When claims are heavy, capacity is scarce and reinsurance is dear, the market hardens and cover becomes tighter and costlier. When results improve and insurers compete for business
Professional indemnity insurance is almost always written on a “claims-made” basis, meaning it only responds while a live policy is in force. When you stop trading, that cover stops with you — yet claims can still arrive years lat
A strong professional indemnity renewal is won in the weeks before your deadline, not the days. Start early, tell your firm's story clearly, put your claims and risk-management record in order, and give underwriters a complete, we
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