Rank: Guest 
|
Posted By Raymond Rapp
I have been asked by the client to obtain PLI for a particular contract. The client has asked for PLI to cover £2m, which is at a cost of £1,017. However, for £1m it is almost half the cost. Is £2m the normal PLI coverage for construction/rail type work?
Any other thoughts?
Thanks in advance.
Ray
|
|
|
|
|
|
Rank: Guest
|
Posted By peter gannaway
My PLI is considerably less than you have been quoted, but it explicity excludes, rail and asbestos, which is I guess a reason why your quote is so high.
|
|
|
|
|
|
Rank: Guest
|
Posted By Ian G Hutchings
Hi Raymond
It's not unusual and the quote sounds quite reasonable (assuming it is for a year). Another option may be for project/client specific cover.
I would suggest that insurance is a fixed business cost, so I would cover it in the fees.
Best wishes
Ian
|
|
|
|
|
|
Rank: Guest
|
Posted By Dee
Common PLI cover is for £100k and £250k but if you add in any time of "risk" construction/rail/offshore then it rockets. Your quote doesn't seem that unreasonable to me.
Hope this helps.
|
|
|
|
|
|
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.