Professional Indemnity Insurance Cover - advice needed!

[Goody]

I went on a site and was given a quote of monthly premium of £35.56 for £250,000.00 professional indemnity insurance cover.

Seems to be a bit high, could someone point me in the right direction.

Thanks!

 

[telectrix]

if you've already got PL insurance, see if they will add on the PE. you may be able to get a package including tool cover.

 

[dolphin]

These things all depend on individual circumstances, but, Goody, your quote is about twice what I have recently been quoted for the same cover, albeit as part of a bigger package. So I would recommend a bit more shopping around. I'm new here, and I'm not sure if it's the done thing to mention specific companies, so I'll leave it at that if I may!

 

[brucelee]

try tradesmancover there are others also insure my trade which was same i think even looked like the same site which it may be a sister company the first i had qoutes of £50+ for 50k and £88 for £250k others that rang back after filling on line forms was qouting upto £118 for 50K and asked a million questions


Oh the more add ons you have the more it costs
sorry if i am not suppose to name drop please delete if not allowed there are loads dont bite for first try as many as you can winds you up searching like car insurance lol but worth it if you save some cash for yourself

 

[Goody]

Thanks for the inputs, folks!

 

[Octopus]

Tip - avoid monthly premium's unless the premium for 12 x months is the same as 1 x year! The "charge" for monthly payments can be as much as 20%

 

[brucelee]

same as car insurance eh mate easier to pay annual if can and cheaper

cheapest i found so far is £66 PLI and £88 for £250K indemnity