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Cryptoassets are traded on a global basis. Indeed, the markets are even more global and constant than markets in more conventional financial instruments, rivalled only perhaps by the FX markets in their reach.

In this two part guide we will be looking at issues that frequently arise when considering whether a professional indemnity policy responds to a claim against a construction professional.

In Part 1 we consider whether there is cover. In particular:

  1. Prior claims – when will a “new” claim fall within an existing notification?
  2. The obligation to notify circumstances
  3. Aggregation
  4. Insolvency of the Insured

Prior claims