Hello everyone
After 10 years working as a contractor via PSC, I would like to cancel Professional Indemnity cover for my limited company. I've learnt that after the cancellation the Insurer wouldn't honor claims relating to periods when my cover was active. Is this the standard practice? Seems unreasonable to me.
What is your opinion, how long should I keep up the "runoff" payments, given relatively low risk profile? Thank you in advance for your input.
After 10 years working as a contractor via PSC, I would like to cancel Professional Indemnity cover for my limited company. I've learnt that after the cancellation the Insurer wouldn't honor claims relating to periods when my cover was active. Is this the standard practice? Seems unreasonable to me.
What is your opinion, how long should I keep up the "runoff" payments, given relatively low risk profile? Thank you in advance for your input.
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