Events may be cancelled, with the approval of the Hampshire House, without any penalty to the client, up to 12 months in advance. Events cancelled less than 12 months in advance are subject to the loss of the initial deposit.
(read more) Professional Indemnity insurance - also known as PI insurance or PII â is intended to protect professionals and their businesses in the event of claims made by a client (or third party) suggesting that they have suffered loss as a result of non-performance, breach of contract and/or professional negligence in the services provided.
Under named peril coverage, the policyholder may have to prove that a loss was caused by a listed peril. With special form coverage, the burden is on the insurance company. The latter can only deny a claim by proving that the source of loss is ineligible for coverage. A special form policy is usually best as it offers more coverage than a named peril policy. Here are a few examples of losses where special form coverage made the difference and a claim was paid: 1  A battery was left on a hardwood floor. 2  When the battery acid leaked out, it spread to the point that it was necessary to replace a large section of the floor. 3  An insured tipped over a bucket containing ammonia.