Professional indemnity insurance life cycle - Revision history

Editor at 12:59, 23 June 2021

2021-06-23T12:59:59Z

← Older revision		Revision as of 12:59, 23 June 2021
Line 50:		Line 50:
	* Professional indemnity insurance PII.		* Professional indemnity insurance PII.
	* Professional Indemnity Insurance clause in conditions of engagement.		* Professional Indemnity Insurance clause in conditions of engagement.
		+	* Professional indemnity insurance in construction.
	* Run-off cover for professional indemnity insurance.		* Run-off cover for professional indemnity insurance.

	[[Category:DCN_Commentary]] [[Category:DCN_Guidance]] [[Category:Policy]] [[Category:Roles_/_services]]		[[Category:DCN_Commentary]] [[Category:DCN_Guidance]] [[Category:Policy]] [[Category:Roles_/_services]]

Designing Buildings at 07:50, 9 February 2021

2021-02-09T07:50:05Z

← Older revision		Revision as of 07:50, 9 February 2021
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	--[[User:Custodian_Insurance\|Custodian Insurance]] 12:12, 26 Apr 2018 (BST)		--[[User:Custodian_Insurance\|Custodian Insurance]] 12:12, 26 Apr 2018 (BST)

−	~~= Find out more =~~	+	= Related articles on Designing Buildings Wiki =
−		+
−	=== Related articles on Designing Buildings Wiki ===	+

	* Collateral warranties.		* Collateral warranties.
Line 54:		Line 52:
	* Run-off cover for professional indemnity insurance.		* Run-off cover for professional indemnity insurance.

−	[[Category:~~Policy~~]] [[Category:~~DCN_Policy~~]] [[Category:Roles_/_services]]	+	[[Category:DCN_Commentary]] [[Category:DCN_Guidance]] [[Category:Policy]] [[Category:Roles_/_services]]

Designing Buildings at 07:13, 1 August 2018

2018-08-01T07:13:43Z

← Older revision		Revision as of 07:13, 1 August 2018
Line 32:		Line 32:
	= Dissolving a business =		= Dissolving a business =

−	When a partnership is dissolved then ~~‘run off’~~ cover needs to be considered. This will cover any claims that emerge in later years. It is usual for all the partners to contribute to this cost.	+	When a partnership is dissolved then run off cover needs to be considered. This will cover any claims that emerge in later years. It is usual for all the partners to contribute to this cost.

	= Retiring from a business =		= Retiring from a business =
Line 52:		Line 52:
	* Professional indemnity insurance PII.		* Professional indemnity insurance PII.
	* Professional Indemnity Insurance clause in conditions of engagement.		* Professional Indemnity Insurance clause in conditions of engagement.
		+	* Run-off cover for professional indemnity insurance.

−	[[Category:Policy]] [[Category:Roles_/_services]]	+	[[Category:Policy]] [[Category:DCN_Policy]] [[Category:Roles_/_services]]

Designing Buildings at 07:11, 1 August 2018

2018-08-01T07:11:59Z

← Older revision		Revision as of 07:11, 1 August 2018
Line 1:		Line 1:
	= Introduction =		= Introduction =

−	As a business evolves, its requirements for professional indemnity insurance (PII) are likely to change. PII requirements should therefore be ~~regularly~~ reviewed as a business develops.	+	As a business evolves, its requirements for professional indemnity insurance (PII) are likely to change. PII requirements should therefore be reviewed regularly as a business develops.

	= Starting a business =		= Starting a business =

−	A ~~business starting~~ up will need to consider a policy that covers ~~the following~~:	+	A start-up business will need to consider a policy that covers:

−	* Any previous business (if ~~you have~~ a past business ~~you would like~~ covered).	+	* Any previous business (if there is a past business that needs to be covered).
	* All of the activities that the business is engaged in.		* All of the activities that the business is engaged in.
	* Any actions brought against the business due to breach of statute.		* Any actions brought against the business due to breach of statute.
Line 14:		Line 14:
	= A growing business =		= A growing business =

−	As a business grows it ~~will~~ be asked to sign collateral warranties ~~by clients~~. The business must make sure it is covered for all the responsibilities it is being asked to ~~sign off on~~. The insurer should be able advise on what changes need to be made to an agreement, and where it goes beyond what is covered in the existing policy.	+	As a business grows it may be asked to sign collateral warranties. The business must make sure it is covered for all the responsibilities it is being asked to accept. The insurer should be able advise what changes need to be made to an agreement, and where it goes beyond what is covered in the existing policy.

−	Cyber cover is an increasingly important element of PII and a business should make sure ~~they are~~ covered for ~~such~~ matters as:	+	Cyber cover is an increasingly important element of PII and a business should make sure it is covered for matters such as:

−	* Accidental breach of ~~the data protection act~~.	+	* Accidental breach of GDPR.
−	* ~~Costs~~ of notifying aggrieved parties of a breach.	+	* The costs of notifying aggrieved parties of a breach.
	* Claims arising from a company’s website being hacked.		* Claims arising from a company’s website being hacked.

−	When a business takes on larger clients it can be asked to hold 12 years cover for a specific project. In this instance, it is very important to keep a good record of ~~these~~ projects and to consider how long the business is likely to be trading.	+	When a business takes on larger clients it can be asked to hold 12 years cover for a specific project. In this instance, it is very important to keep a good record of projects and to consider how long the business is likely to be trading.

−	If a business has a reputation for innovative designs it may be worth considering protecting ~~the~~ intellectual property. This will help fund the costs of pursuing ~~any~~ ex-staff member trying to copy a design ~~and breaching the company’s intellectual policy~~.	+	If a business has a reputation for innovative designs it may be worth considering protecting intellectual property. This will help fund, for example, the costs of pursuing an ex-staff member trying to copy a design.

	= Selling a business =		= Selling a business =
Line 36:		Line 36:
	= Retiring from a business =		= Retiring from a business =

−	When a partner retires from a practice that is still trading, usually the insurance will cover the partner’s past work. If the retirement results in the practice ceasing to trade then ~~‘run off’~~ cover of 6-7 years is usually purchased. This is usually renewable annually with the premium reducing by around 12-15% every year. Sometimes it is possible to buy a block multi year policy but this is quite rare.	+	When a partner retires from a practice that is still trading, usually the insurance will cover the partner’s past work. If the retirement results in the practice ceasing to trade then run off cover of 6-7 years is usually purchased. This is usually renewable annually with the premium reducing by around 12-15% every year. Sometimes it is possible to buy a block multi year policy but this is quite rare.

−	~~= Further information =~~	+	--[[User:Custodian_Insurance\|Custodian Insurance]] 12:12, 26 Apr 2018 (BST)
−		+
−	~~Please telephone 020 7648 4343, email~~ [~~mailto:zahid@custodianinsurance.co.uk zahid@custodianinsurance.co.uk] or visit our~~ [~~http~~:~~//custodianinsurance.co.uk/ website~~].	+
−		+
−	~~You can also connect with us on [https://www.linkedin.com/in/zahidnaqvi/ LinkedIn~~]~~ and follow us on [https~~:~~//twitter.com/custodianinfo Twitter].~~	+

	= Find out more =		= Find out more =
Line 56:		Line 52:
	* Professional indemnity insurance PII.		* Professional indemnity insurance PII.
	* Professional Indemnity Insurance clause in conditions of engagement.		* Professional Indemnity Insurance clause in conditions of engagement.
−
−	~~--[[User:Custodian_Insurance\|Custodian Insurance]] 12:12, 26 Apr 2018 (BST)~~

	[[Category:Policy]] [[Category:Roles_/_services]]		[[Category:Policy]] [[Category:Roles_/_services]]

Editor at 12:49, 13 July 2018

2018-07-13T12:49:51Z

← Older revision		Revision as of 12:49, 13 July 2018
Line 1:		Line 1:
−	=== Introduction ===	+	= Introduction =

−	As a business evolves, its requirements for professional indemnity insurance are likely to change. PII requirements should therefore be regularly reviewed as a business develops.	+	As a business evolves, its requirements for professional indemnity insurance (PII) are likely to change. PII requirements should therefore be regularly reviewed as a business develops.
		+
		+	= Starting a business =

−	~~Starting a business<br />~~
	A business starting up will need to consider a policy that covers the following:		A business starting up will need to consider a policy that covers the following:

−	* Any previous business IF you have a past business you would like covered	+	* Any previous business (if you have a past business you would like covered).
−	* All of the activities that the business is engaged in	+	* All of the activities that the business is engaged in.
−	* Any actions brought against the business due to breach of statute	+	* Any actions brought against the business due to breach of statute.
	* Staff actions that may result in a claim.		* Staff actions that may result in a claim.

−	=== A growing business ===	+	= A growing business =

	As a business grows it will be asked to sign collateral warranties by clients. The business must make sure it is covered for all the responsibilities it is being asked to sign off on. The insurer should be able advise on what changes need to be made to an agreement, and where it goes beyond what is covered in the existing policy.		As a business grows it will be asked to sign collateral warranties by clients. The business must make sure it is covered for all the responsibilities it is being asked to sign off on. The insurer should be able advise on what changes need to be made to an agreement, and where it goes beyond what is covered in the existing policy.
Line 17:		Line 18:
	Cyber cover is an increasingly important element of PII and a business should make sure they are covered for such matters as:		Cyber cover is an increasingly important element of PII and a business should make sure they are covered for such matters as:

−	* Accidental breach of the data protection act	+	* Accidental breach of the data protection act.
−	* Costs of notifying aggrieved parties of a breach	+	* Costs of notifying aggrieved parties of a breach.
	* Claims arising from a company’s website being hacked.		* Claims arising from a company’s website being hacked.

	When a business takes on larger clients it can be asked to hold 12 years cover for a specific project. In this instance, it is very important to keep a good record of these projects and to consider how long the business is likely to be trading.		When a business takes on larger clients it can be asked to hold 12 years cover for a specific project. In this instance, it is very important to keep a good record of these projects and to consider how long the business is likely to be trading.

−	If a business has a reputation for innovative designs it may be worth considering protecting the intellectual property. This will help fund the costs of pursuing any ex. staff member trying to copy a design and breaching the company’s intellectual policy.	+	If a business has a reputation for innovative designs it may be worth considering protecting the intellectual property. This will help fund the costs of pursuing any ex-staff member trying to copy a design and breaching the company’s intellectual policy.

−	=== Selling a business ===	+	= Selling a business =

	When a practice is being sold, ideally the buyer will take on all past liabilities, leaving the vendors free of any future claims arising from past work.		When a practice is being sold, ideally the buyer will take on all past liabilities, leaving the vendors free of any future claims arising from past work.

−	=== Dissolving a business ===	+	= Dissolving a business =

	When a partnership is dissolved then ‘run off’ cover needs to be considered. This will cover any claims that emerge in later years. It is usual for all the partners to contribute to this cost.		When a partnership is dissolved then ‘run off’ cover needs to be considered. This will cover any claims that emerge in later years. It is usual for all the partners to contribute to this cost.

−	=== Retiring from a business ===	+	= Retiring from a business =

	When a partner retires from a practice that is still trading, usually the insurance will cover the partner’s past work. If the retirement results in the practice ceasing to trade then ‘run off’ cover of 6-7 years is usually purchased. This is usually renewable annually with the premium reducing by around 12-15% every year. Sometimes it is possible to buy a block multi year policy but this is quite rare.		When a partner retires from a practice that is still trading, usually the insurance will cover the partner’s past work. If the retirement results in the practice ceasing to trade then ‘run off’ cover of 6-7 years is usually purchased. This is usually renewable annually with the premium reducing by around 12-15% every year. Sometimes it is possible to buy a block multi year policy but this is quite rare.

−	=== Further information ===	+	= Further information =

	Please telephone 020 7648 4343, email [mailto:zahid@custodianinsurance.co.uk zahid@custodianinsurance.co.uk] or visit our [http://custodianinsurance.co.uk/ website].		Please telephone 020 7648 4343, email [mailto:zahid@custodianinsurance.co.uk zahid@custodianinsurance.co.uk] or visit our [http://custodianinsurance.co.uk/ website].
Line 43:		Line 44:
	You can also connect with us on [https://www.linkedin.com/in/zahidnaqvi/ LinkedIn] and follow us on [https://twitter.com/custodianinfo Twitter].		You can also connect with us on [https://www.linkedin.com/in/zahidnaqvi/ LinkedIn] and follow us on [https://twitter.com/custodianinfo Twitter].

−	=== Related ~~article~~ ===	+	= Find out more =
		+
		+	=== Related articles on Designing Buildings Wiki ===

−	* ~~[[Professional_indemnity_insurance_PII\|~~Professional indemnity insurance PII]]	+	* Collateral warranties.
		+	* Contractors' all-risk insurance.
		+	* Directors and officers insurance.
		+	* Insurance.
		+	* JCT Clause 6.5.1 Insurance.
		+	* Making sure your builder has appropriate insurance.
		+	* Professional indemnity insurance PII.
		+	* Professional Indemnity Insurance clause in conditions of engagement.

	--[[User:Custodian_Insurance\|Custodian Insurance]] 12:12, 26 Apr 2018 (BST)		--[[User:Custodian_Insurance\|Custodian Insurance]] 12:12, 26 Apr 2018 (BST)

−	[[Category:~~Organisations~~]]	+	[[Category:Policy]] [[Category:Roles_/_services]]

86.166.184.149 at 11:17, 26 April 2018

2018-04-26T11:17:08Z

← Older revision		Revision as of 11:17, 26 April 2018
Line 29:		Line 29:
	When a practice is being sold, ideally the buyer will take on all past liabilities, leaving the vendors free of any future claims arising from past work.		When a practice is being sold, ideally the buyer will take on all past liabilities, leaving the vendors free of any future claims arising from past work.

−	Dissolving a business~~<br />~~	+	=== Dissolving a business ===
		+
	When a partnership is dissolved then ‘run off’ cover needs to be considered. This will cover any claims that emerge in later years. It is usual for all the partners to contribute to this cost.		When a partnership is dissolved then ‘run off’ cover needs to be considered. This will cover any claims that emerge in later years. It is usual for all the partners to contribute to this cost.

Line 38:		Line 39:
	=== Further information ===		=== Further information ===

−	Please telephone 020 7648 4343, email [mailto:zahid@custodianinsurance.co.uk zahid@custodianinsurance.co.uk] or visit [[w/~~index.php?title=W~~/~~index.php%3Ftitle%3DW/index.php%3Ftitle%3DW/index.php%3Ftitle%3DW/index.php%3Ftitle%3DW/index.php%3Ftitle%3DWww.~~custodianinsurance.co.uk%26action%3Dedit%26redlink%3D1%26action%3Dedit%26redlink%3D1%26action%3Dedit%26redlink%3D1%26action%3Dedit%26redlink%3D1%26action%3Dedit%26redlink%3D1&action=edit&redlink=1\|www.custodianinsurance.co.uk]]. You can also connect with us on [https://www.linkedin.com/in/zahidnaqvi/ LinkedIn] and follow us on [https://twitter.com/custodianinfo Twitter].	+	Please telephone 020 7648 4343, email [mailto:zahid@custodianinsurance.co.uk zahid@custodianinsurance.co.uk] or visit our [http://custodianinsurance.co.uk/ website].
		+
		+	You can also connect with us on [https://www.linkedin.com/in/zahidnaqvi/ LinkedIn] and follow us on [https://twitter.com/custodianinfo Twitter].

	=== Related article ===		=== Related article ===
Line 44:		Line 47:
	* [[Professional_indemnity_insurance_PII\|Professional indemnity insurance PII]]		* [[Professional_indemnity_insurance_PII\|Professional indemnity insurance PII]]

−	--[[User:~~Custodian Insurance~~\|Custodian Insurance]] 12:12, 26 Apr 2018 (BST)	+	--[[User:Custodian_Insurance\|Custodian Insurance]] 12:12, 26 Apr 2018 (BST)

	[[Category:Organisations]]		[[Category:Organisations]]

Custodian Insurance at 11:12, 26 April 2018

2018-04-26T11:12:45Z

← Older revision		Revision as of 11:12, 26 April 2018
Line 38:		Line 38:
	=== Further information ===		=== Further information ===

−	Please telephone 020 7648 4343, email [mailto:zahid@custodianinsurance.co.uk zahid@custodianinsurance.co.uk] or visit [[w/index.php?title=W/index.php%3Ftitle%3DW/index.php%3Ftitle%3DW/index.php%3Ftitle%3DW/index.php%3Ftitle%3DWww.custodianinsurance.co.uk%26action%3Dedit%26redlink%3D1%26action%3Dedit%26redlink%3D1%26action%3Dedit%26redlink%3D1%26action%3Dedit%26redlink%3D1&action=edit&redlink=1\|www.custodianinsurance.co.uk]]. You can also connect with us on [https://www.linkedin.com/in/zahidnaqvi/ LinkedIn] and follow us on [https://twitter.com/custodianinfo Twitter].	+	Please telephone 020 7648 4343, email [mailto:zahid@custodianinsurance.co.uk zahid@custodianinsurance.co.uk] or visit [[w/index.php?title=W/index.php%3Ftitle%3DW/index.php%3Ftitle%3DW/index.php%3Ftitle%3DW/index.php%3Ftitle%3DW/index.php%3Ftitle%3DWww.custodianinsurance.co.uk%26action%3Dedit%26redlink%3D1%26action%3Dedit%26redlink%3D1%26action%3Dedit%26redlink%3D1%26action%3Dedit%26redlink%3D1%26action%3Dedit%26redlink%3D1&action=edit&redlink=1\|www.custodianinsurance.co.uk]]. You can also connect with us on [https://www.linkedin.com/in/zahidnaqvi/ LinkedIn] and follow us on [https://twitter.com/custodianinfo Twitter].

	=== Related article ===		=== Related article ===

	* [[Professional_indemnity_insurance_PII\|Professional indemnity insurance PII]]		* [[Professional_indemnity_insurance_PII\|Professional indemnity insurance PII]]
		+
		+	--[[User:Custodian Insurance\|Custodian Insurance]] 12:12, 26 Apr 2018 (BST)

	[[Category:Organisations]]		[[Category:Organisations]]

Custodian Insurance at 11:12, 26 April 2018

2018-04-26T11:12:15Z

← Older revision		Revision as of 11:12, 26 April 2018
Line 38:		Line 38:
	=== Further information ===		=== Further information ===

−	Please telephone 020 7648 4343, email [mailto:zahid@custodianinsurance.co.uk zahid@custodianinsurance.co.uk] or visit [[w/index.php?title=W/index.php%3Ftitle%3DW/index.php%3Ftitle%3DW/index.php%3Ftitle%3DWww.custodianinsurance.co.uk%26action%3Dedit%26redlink%3D1%26action%3Dedit%26redlink%3D1%26action%3Dedit%26redlink%3D1&action=edit&redlink=1\|www.custodianinsurance.co.uk]]. You can also connect with us on [https://www.linkedin.com/in/zahidnaqvi/ LinkedIn] and follow us on [https://twitter.com/custodianinfo Twitter].	+	Please telephone 020 7648 4343, email [mailto:zahid@custodianinsurance.co.uk zahid@custodianinsurance.co.uk] or visit [[w/index.php?title=W/index.php%3Ftitle%3DW/index.php%3Ftitle%3DW/index.php%3Ftitle%3DW/index.php%3Ftitle%3DWww.custodianinsurance.co.uk%26action%3Dedit%26redlink%3D1%26action%3Dedit%26redlink%3D1%26action%3Dedit%26redlink%3D1%26action%3Dedit%26redlink%3D1&action=edit&redlink=1\|www.custodianinsurance.co.uk]]. You can also connect with us on [https://www.linkedin.com/in/zahidnaqvi/ LinkedIn] and follow us on [https://twitter.com/custodianinfo Twitter].

	=== Related article ===		=== Related article ===

	* [[Professional_indemnity_insurance_PII\|Professional indemnity insurance PII]]		* [[Professional_indemnity_insurance_PII\|Professional indemnity insurance PII]]
−
−	~~[https://www.designingbuildings.co.uk/wiki/Professional_indemnity_insurance_PII https://www.designingbuildings.co.uk/wiki/Professional_indemnity_insurance_PII]~~

	[[Category:Organisations]]		[[Category:Organisations]]

Custodian Insurance at 11:11, 26 April 2018

2018-04-26T11:11:29Z

← Older revision		Revision as of 11:11, 26 April 2018
Line 38:		Line 38:
	=== Further information ===		=== Further information ===

−	Please telephone 020 7648 4343, email [mailto:zahid@custodianinsurance.co.uk zahid@custodianinsurance.co.uk] or visit [[w/index.php?title=W/index.php%3Ftitle%3DW/index.php%3Ftitle%3DWww.custodianinsurance.co.uk%26action%3Dedit%26redlink%3D1%26action%3Dedit%26redlink%3D1&action=edit&redlink=1\|www.custodianinsurance.co.uk]]. You can also connect with us on [https://www.linkedin.com/in/zahidnaqvi/ LinkedIn] and follow us on [https://twitter.com/custodianinfo Twitter].	+	Please telephone 020 7648 4343, email [mailto:zahid@custodianinsurance.co.uk zahid@custodianinsurance.co.uk] or visit [[w/index.php?title=W/index.php%3Ftitle%3DW/index.php%3Ftitle%3DW/index.php%3Ftitle%3DWww.custodianinsurance.co.uk%26action%3Dedit%26redlink%3D1%26action%3Dedit%26redlink%3D1%26action%3Dedit%26redlink%3D1&action=edit&redlink=1\|www.custodianinsurance.co.uk]]. You can also connect with us on [https://www.linkedin.com/in/zahidnaqvi/ LinkedIn] and follow us on [https://twitter.com/custodianinfo Twitter].
		+
		+	=== Related article ===
		+
		+	* [[Professional_indemnity_insurance_PII\|Professional indemnity insurance PII]]

−	~~Related article<br />~~
	[https://www.designingbuildings.co.uk/wiki/Professional_indemnity_insurance_PII https://www.designingbuildings.co.uk/wiki/Professional_indemnity_insurance_PII]		[https://www.designingbuildings.co.uk/wiki/Professional_indemnity_insurance_PII https://www.designingbuildings.co.uk/wiki/Professional_indemnity_insurance_PII]

	[[Category:Organisations]]		[[Category:Organisations]]

Custodian Insurance at 11:09, 26 April 2018

2018-04-26T11:09:04Z

← Older revision		Revision as of 11:09, 26 April 2018
Line 1:		Line 1:
−	Introduction~~<br />~~	+	=== Introduction ===
		+
	As a business evolves, its requirements for professional indemnity insurance are likely to change. PII requirements should therefore be regularly reviewed as a business develops.		As a business evolves, its requirements for professional indemnity insurance are likely to change. PII requirements should therefore be regularly reviewed as a business develops.

Line 10:		Line 11:
	* Staff actions that may result in a claim.		* Staff actions that may result in a claim.

−	A growing business~~<br />~~	+	=== A growing business ===
		+
	As a business grows it will be asked to sign collateral warranties by clients. The business must make sure it is covered for all the responsibilities it is being asked to sign off on. The insurer should be able advise on what changes need to be made to an agreement, and where it goes beyond what is covered in the existing policy.		As a business grows it will be asked to sign collateral warranties by clients. The business must make sure it is covered for all the responsibilities it is being asked to sign off on. The insurer should be able advise on what changes need to be made to an agreement, and where it goes beyond what is covered in the existing policy.

Line 23:		Line 25:
	If a business has a reputation for innovative designs it may be worth considering protecting the intellectual property. This will help fund the costs of pursuing any ex. staff member trying to copy a design and breaching the company’s intellectual policy.		If a business has a reputation for innovative designs it may be worth considering protecting the intellectual property. This will help fund the costs of pursuing any ex. staff member trying to copy a design and breaching the company’s intellectual policy.

−	Selling a business~~<br />~~	+	=== Selling a business ===
		+
	When a practice is being sold, ideally the buyer will take on all past liabilities, leaving the vendors free of any future claims arising from past work.		When a practice is being sold, ideally the buyer will take on all past liabilities, leaving the vendors free of any future claims arising from past work.

Line 29:		Line 32:
	When a partnership is dissolved then ‘run off’ cover needs to be considered. This will cover any claims that emerge in later years. It is usual for all the partners to contribute to this cost.		When a partnership is dissolved then ‘run off’ cover needs to be considered. This will cover any claims that emerge in later years. It is usual for all the partners to contribute to this cost.

−	Retiring from a business~~<br />~~	+	=== Retiring from a business ===
		+
	When a partner retires from a practice that is still trading, usually the insurance will cover the partner’s past work. If the retirement results in the practice ceasing to trade then ‘run off’ cover of 6-7 years is usually purchased. This is usually renewable annually with the premium reducing by around 12-15% every year. Sometimes it is possible to buy a block multi year policy but this is quite rare.		When a partner retires from a practice that is still trading, usually the insurance will cover the partner’s past work. If the retirement results in the practice ceasing to trade then ‘run off’ cover of 6-7 years is usually purchased. This is usually renewable annually with the premium reducing by around 12-15% every year. Sometimes it is possible to buy a block multi year policy but this is quite rare.

−	Further information~~<br />~~	+	=== Further information ===
−	Please telephone 020 7648 4343, email [mailto:zahid@custodianinsurance.co.uk zahid@custodianinsurance.co.uk] or visit [[w/index.php?title=W/index.php%3Ftitle%3DWww.custodianinsurance.co.uk%26action%3Dedit%26redlink%3D1&action=edit&redlink=1\|www.custodianinsurance.co.uk]]. You can also connect with us on [https://www.linkedin.com/in/zahidnaqvi/ LinkedIn] and follow us on [https://twitter.com/custodianinfo Twitter].	+
		+	Please telephone 020 7648 4343, email [mailto:zahid@custodianinsurance.co.uk zahid@custodianinsurance.co.uk] or visit [[w/index.php?title=W/index.php%3Ftitle%3DW/index.php%3Ftitle%3DWww.custodianinsurance.co.uk%26action%3Dedit%26redlink%3D1%26action%3Dedit%26redlink%3D1&action=edit&redlink=1\|www.custodianinsurance.co.uk]]. You can also connect with us on [https://www.linkedin.com/in/zahidnaqvi/ LinkedIn] and follow us on [https://twitter.com/custodianinfo Twitter].

	Related article<br />		Related article<br />