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Level of Professional Indemnity insurance required...
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Paice20023  
#1 Posted : 02 April 2014 10:50:49(UTC)
Rank: New forum user
Paice20023
Good morning all; I am looking to branch out as a part time H&S consultant, with most work in the waste industry (landfills, processing plant etc) and some with small metal bashers / builders (machinery, fabrication, small construction & refurbs. 1. Could anyone suggest what level of PI would be appropriate? 2. PI appears to cover only claims made during the period of the policy; how do I cover myself for claims made after the policy terminates? (eg,retirement) Thank you, Tom P
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peter gotch  
#2 Posted : 02 April 2014 13:03:37(UTC)
Rank: Super forum user
peter gotch
Tom Beyond the policy you want run off insurance. How much - depends how much you could be sued for e.g. for chronic health risks. You'll be aware that occupational health is rising up the agenda in the waste sector.
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JohnW  
#3 Posted : 02 April 2014 17:54:01(UTC)
Rank: Super forum user
JohnW
Paice, regarding PI insurance, if you contact the providers they will want to set up a profile on you which describes the type of work you plan to do, how big your customers will be, what your income might be etc and they will then advise you on the appropriate cover. John
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Paice20023  
#4 Posted : 02 April 2014 20:41:32(UTC)
Rank: New forum user
Paice20023
Peter - run-off insurance sounds right - I couldn't see ho PI would be paid in perpetuity. John - yes, spent much time on the phone with a couple of providers; their main line was that they state facts but don't advise. I'm not sure about the £compare the meerkat" website doing PI... Many thanks to you both, Tom P
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paul.skyrme  
#5 Posted : 02 April 2014 22:39:54(UTC)
Rank: Super forum user
paul.skyrme
Get a business insurance broker, you "may" pay a little more, but get them to sort the cover for you, if they got it wrong, their PII kicks in! ;)
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paul.skyrme  
#6 Posted : 02 April 2014 22:40:46(UTC)
Rank: Super forum user
paul.skyrme
*get*!!! Edit facility please to correct typo's!!!
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Paice20023  
#7 Posted : 03 April 2014 14:26:34(UTC)
Rank: New forum user
Paice20023
Sound advice, Paul - many thanks. Tom P
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