Many people make the mistake of thinking that any professional indemnity insurance policy is adequate. However, this is often not the case. The policy that works for an architect will not necessarily be adequate for a solicitor. For this reason is important that you do your research and shop around for your professional indemnity insurance.
Getting Advice About Professional Indemnity Insurance
The best way to ensure that you have the cover you need to understand the kind of situations you are trying to protect yourself from. By speaking to others in your profession about the kind of indemnity insurance they have you will quickly get a good idea of the kind of cover you need. In addition, speaking to a few insurance providers will help to round out your knowledge further.
Once you are sure about the types of cover you need and the level of cover you will be in a position to begin the process of shopping around for your insurance. Take the time to make a list of exact types and levels of cover you are looking for.
Shopping Around for Professional Indemnity Insurance
Use this list to seek quotes from several companies. If you are doing this via e-mail, you can simply copy and paste the same requirements into each e-mail you send. However, if you are filling out quote forms on the web you have to be a little bit more careful about making sure that the criteria you key into each one matches. Another way of doing it is to call a broker and give them your criteria.
However, you choose to do it using the same criteria ensures that the quotes you get back a genuine like-for-like quotes. This allows you to quickly eliminate those professional indemnity insurance policies that are far too expensive. You should be left with a shortlist of two or three companies who you can then approach for further details. However, before signing up with a specific company it makes sense to carry out one further final check. Doing so ensures that the policy you are buying genuinely gives you adequate cover to protect you from as many eventualities as possible.
To get advice and a quote for professional indemnity insurance visit the Hensure website.