New to PII?

New to PII?

We have helped new start up professional businesses arrange their insurances since 1998. We will fact find and get to understand your business so we can make a fair presentation of your risk to Insurers before tailoring a policy specific to your needs. If you’re new to PII, the following is an idea of the things that Insurers typically want to know when underwriting a Professional Indemnity risk:

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The Type of Business And Your Experience

 

  • The legal entity of your business: A sole trader or forming a limited company or partnership.
  • The names of  the principal, directors and partners working in the practice.
  • How much experience the principal, directors and partners have in your profession and any relevant qualifications that apply.

An Estimate For Your First Year Of Trading

 

  • An estimate of your work for the first 12 months of your business.
  • A realistic estimate of your fee turnover you expect to invoice.
  • The areas of work you will specialise in and focus on.

The Largest Contract / Project Sizes You Expect To Become Involved With

 

  • An estimate of your largest overall contract / project value or valuation amounts that you expect to become involved with in your first year of trading.
  • Your specific role in contracts e.g. acting as a Principle Designer, Project Manager, Fire Risk Assessor, Quantity Surveyor, Valuation Surveyor, Health & Safety Advisor etc.

Overseas Work:

 

  • Details of non-UK work and the type of contract, the law and legal jurisdiction applicable.

We Will Give You:

 

  • Independent insurance advice.
  • Access to a wide range of leading Insurers and Underwriters.
  • Interest Free payment options available to help your cash flow.
  • Information guides to help and support your business along the way.
  • A responsive first class claims service when you need it most.
  • Expert insurance advice.