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Subject:
Professional Indemnity Insurance costs
Category: Business and Money > Consulting Asked by: steve147-ga List Price: $15.00 |
Posted:
03 Dec 2002 01:47 PST
Expires: 02 Jan 2003 01:47 PST Question ID: 118312 |
I have a limited Company which gives training in the chemical industry, which includes working overseas from the UK. I am attempting to obtain Professional Indemnity Insurance with a minimum of £1million cover. I have been quoted (by a broker, PIA Ltd) £1750 with the first £2500 excess payable by me. The cost has risen from £400 to £1750 in one year!!! This ridiculous rise has been explained by the Broker as normal and that "...insurance generally has gone through the roof in the past 12 months..." Anyone having similar problems, and have found a reasonable /acceptable alternative to that shown above? |
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