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If you need professional indemnity insurance (PII), then you’re going to need an insurance broker.
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.
We’ve answered some of the common questions that businesses ask about professional indemnity insurance to help provide some guidance on what it is and why you might need it.
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.