At a time of increasing focus upon Irish-UK relations due to Brexit, and the uncertainty that this has created, HOMS and the UK-based Professional Negligence Lawyers Association (PNLA) partnered for a conference on the risks facing Irish professionals today – including construction professionals, solicitors, accountants and all those processing client’s personal data in a professional capacity. The event was well attended with an audience comprised of members of the various professions concerned, together with officials from both the insurance and banking sectors for the day-long event in Dublin.
Given the PNLA’s expertise in the UK professional negligence sector, the potential benefits of introducing ‘pre-action protocols’ to the Irish sector by way of reform were discussed with a view to managing the costs of such actions and streamlining the process to ensure greater efficiencies. The seminar also addressed a number of topical issues including: the steps that all professionals can take to balance client service with risk mitigation, the timeframe within which claims can now be brought against professionals, the new costs regime and the most efficient ways in to successfully deal with claims.
The growing international cyber threat facing Irish professionals was laid out in stark detail together with practical steps that professionals can take to protect themselves – and their clients. Given recent changes to the role of experts before the Irish courts, the importance of the role of the expert engineer in handling claims was also explained – and why selecting the right expert can make all the difference to achieving the optimum outcome. Finally, there was an insight on the current state of play for the professional indemnity insurance market provided by the CEO of one of the largest brokers in Ireland.