What is required for a Professional Indemnity Insurance quote?

Professional Indemnity Insurance is priced according to the insurer's perception of the risk!  In order to ascertain this there is usually a proposal form which will ask some fairly standard questions including:

• Last year's turnover
• Predicted turnover for the coming year
• Details of the qualifications and experience of your principal staff
• Turnover by territory if working outside of the UK
• Total wageroll cost
• Wageroll split according to clerical and manual workers
• Names of your largest 3 clients and the value to you of their contracts 

You will  be asked to provide a full description of your business activities and examples of client contracts may be requested.  Your compliance with things like the Health and Safety at Work act will be tested and you could be asked to provide copies of risk assessments where hazardous activities are undertaken.

Of course, we will assist you in providing all of the required information and indeed, we will already have access to some of it though researching your website, viewing your premises on Google Earth and by researching your business at Companies House - so the onus is not all on you!

If you would like to receive a copy of our standard PI proposal form so that you can be sure that you gathering the right information, please get in touch and we can email it to you!

Call me to discuss on 02082550617 / 07768 865983.

http://www.archaeology-insurance.co.uk/

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