This year sees extensive reforms in the insurance market as the Insurance Act comes into force from 12 August 2016. Aiming to introduce greater clarity around what information a client has to provide to their insurer – and a fairer position should the client fail to provide that information – the Act will make sure that all parties clearly understand what each needs to know and what will happen in the event of a claim.
Archive for May, 2016
We have fantastic rates for this particular trade. We are particularly keen on writing one man band professionals who are working under contract with Insurance Companies as part of larger teams on projects like Solvency 2.
Our underwriters have recently made some changes to the way that discounts are applied on our on-line system. We now offer additional discounts for the number of years experience that a proposer has in a particular trade. This even applies to new ventures.
Over the last few months we have held promising talks to add Arch Underwriting on to our panel of insurers that we use for Professional Indemnity. We are hoping to build their rates in to our on-line system is due course.