Professional Indemnity Insurance – Changing Insurers

Professional indemnity Insurance (PII) is a critical protection for consultants. Premiums are often substantial, and it may be tempting to seek cheaper insurance on renewal. However, care must be taken when changing insurers. Rarely is the cheapest also the best value – for anything. It is important to understand the alternatives being offered: are you comparing like with like? There is also a risk that in the future claims will not be covered or will be disputed and may not be paid. This briefing highlights the key considerations when exploring alternative insurers and provides guidance to help avoid gaps in cover.