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There’s no great mystique to run-off insurance. The key to understanding this cover is getting to grips with the “claims made” nature of the protection.
At Marsh Commercial we understand that, for some, annual insurance renewals or monthly payments will be cause for concern – there is a clear need to keep insurance cover in place but premium payments may represent a serious strain on already stretched finances.
Events in recent years continue to have a significant effect on the professional indemnity (PI) market ‒ creating a lack of supply and driving premiums up – but there is better news for ICAEW private practice members working with Marsh Commercial to secure PI cover.
What are the top five professional indemnity claims for accountants in 2019 and what are the trends for 2020?
Whether your firm is a new practice or well established, there are many risk factors you can face. Here we look at some of the risks you may face as your practice grows and evolves over the years ahead.