It can be common to shop around when it comes to your Professional Indemnity policy renewal. But you should ensure that the quotes that you obtain are on a “like for like” basis.
You also need to check that the policy covers all of your Civil Liabilities, rather than just your errors and omissions.
The limits of indemnity on your policy can also vary, and so it is important to check whether it is on an “any one/ each and every claim” or an “in the aggregate basis”.
Finally, it is important to note that the excesses applicable under the policy can vary dramatically from one insurer to the other, and so you should look at this carefully when comparing renewals.
If you have questions on any of the above, our team are here to help on 01270 758056.
