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professional indemnity insurers & brokers

looking for recommendations for professional indemnity insurers

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I'm due to renew soon and have used a number of providers in the past but I am finding with my current provider, even though they've had 3 months notice, they don't provide me with renewal terms until very close to renewal date which doesn't leave me much time for review and consideration.

Can members recommend any good PI cover firms? I do need to use insurers that comply with the ICAEW & ACCA professional indemnity insurance requirements.

Replies (9)

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By Goffey
25th Jun 2020 09:40

I have used Lansdown Insurance in Cheltenham since I started. They meet the ACCA requirements. No complaints from me, so I haven't even thought about looking for a new broker.

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By Wanderer
25th Jun 2020 10:16

Give Tom a ring:-
http://www.simcoxbrokers.co.uk/
Personal service. Bought down our PII Cover costs massively, fully ICAEW compliant.

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Locutus of Borg
By Locutus
25th Jun 2020 11:19

I went through website PolicyBee last year and renewed again this year.

The process was very quick and efficient and, oddly, the Hiscox (ACCA compliant) PI insurance quote that I got via PolicyBee was lower than via Hiscox's own website.

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Replying to Locutus:
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By legerman
25th Jun 2020 16:26

Locutus wrote:

I went through website PolicyBee last year and renewed again this year.

The process was very quick and efficient and, oddly, the Hiscox (ACCA compliant) PI insurance quote that I got via PolicyBee was lower than via Hiscox's own website.

I went with Hiscox (direct) and was pleasantly surprised at their fees.

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Replying to Locutus:
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By VP
30th Jun 2020 17:35

Same as Locutus above.
We have been using PolicyBee since 2012 and always been Hiscox. Even with in year chnages there is no fee just a change to premium. Highly recommend PolicyBee.

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By ShakingMyHead
30th Jun 2020 10:10

Cobine Carmelson - https://cobinecarmelson.com/ - email Jason. The man's a life saver.

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By peterhool
30th Jun 2020 10:35

Scott Farrell - [email protected]
Provides very competitive PI cover for all professional firms

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By HeatherSimpson
30th Jun 2020 15:46

https://www.lockton.com/professional-indemnity. ACCA compliant and I have been with them for most of the last 20 odd years.

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By jon_griffey
30th Jul 2020 16:02

It seems that the PI market is tightening up. Our renewal with Hiscox this year was coming out at treble the premium of last year, so our brokers had to go elsewhere and we ended up having to be grateful for a mere 62% increase. We are a plain vanilla High Street firm with no entertainment clients, no tax scheme involvement and a 25+ year clean claims record.

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