Has anybody experience of claiming on indemnity insurance (looking to get insured)

[adam42]

I need indemnity insurance and liability insurance (but no employer's liability insurance).

I have 3 quotes, well 4 actually since 2 are for Hiscox from different websites.

Hiscox using their own website and filling in the questionnaire online quote £400 and something.

Hiscox via simplybusiness.co.uk quote £326

Finsbury via simplybusiness.co.uk quote £376

Trafalgar via their own website quote £250 or so (the quote's gone now since I left it too long).

Hiscox seem to have wrapped up the marketing pretty well but Trafalgar are obviously way better - does anybody have any experience of claiming for professional indemnity?

Curiously the simplybusiness.co.uk questionnaire required me to answer yes/no to whether I had worked on financial trading software to which I initially answered 'yes', to which the website said I'd have to phone, and then I answered 'no' and got the cheap Hiscox quote. The Hiscox-own questionnaire made no mention of financial trading but was more expensive. The Trafalgar questionnaire also made no mention of financial trading.

[lucozade]

Got mine from QDOS, very well priced. To be honest I think it's a paperwork exercise to keep the agencies happy. But happy to do it as it gives me peace of mind.

Qdos Consulting - Taxation and VAT - Employment Law - HR - Insurance - Contractor Insurance - IR35 - PI Insurance

[stek]

Got mine from QDOS, very well priced. To be honest I think it's a paperwork exercise to keep the agencies happy. But happy to do it as it gives me peace of mind.

Qdos Consulting - Taxation and VAT - Employment Law - HR - Insurance - Contractor Insurance - IR35 - PI Insurance

Yes, back in the old days we'd get it, show it to agent, cancel it day after!

[stek]

I need indemnity insurance and liability insurance (but no employer's liability insurance).

I have 3 quotes, well 4 actually since 2 are for Hiscox from different websites.

Hiscox using their own website and filling in the questionnaire online quote £400 and something.

Hiscox via simplybusiness.co.uk quote £326

Finsbury via simplybusiness.co.uk quote £376

Trafalgar via their own website quote £250 or so (the quote's gone now since I left it too long).

Hiscox seem to have wrapped up the marketing pretty well but Trafalgar are obviously way better - does anybody have any experience of claiming for professional indemnity?

Curiously the simplybusiness.co.uk questionnaire required me to answer yes/no to whether I had worked on financial trading software to which I initially answered 'yes', to which the website said I'd have to phone, and then I answered 'no' and got the cheap Hiscox quote. The Hiscox-own questionnaire made no mention of financial trading but was more expensive. The Trafalgar questionnaire also made no mention of financial trading.

And what do you mean 'claiming for'?

[adam42]

And what do you mean 'claiming for'?

Sorry, totally ambiguous. I mean "has anyone had to make a claim on their indemnity insurance?".

[adam42]

Got mine from QDOS, very well priced. To be honest I think it's a paperwork exercise to keep the agencies happy. But happy to do it as it gives me peace of mind.

Qdos Consulting PI Insurance

That's the better than the ones I found, at £193.

[stek]

Sorry, totally ambiguous. I mean "has anyone had to make a claim on their indemnity insurance?".

I think Elliot at QDOS told me never....

[TykeMerc]

Got mine from QDOS, very well priced. To be honest I think it's a paperwork exercise to keep the agencies happy. But happy to do it as it gives me peace of mind.

Qdos Consulting - Taxation and VAT - Employment Law - HR - Insurance - Contractor Insurance - IR35 - PI Insurance

Same here

[Scruff]

Trafalgar Accounting? I was with them for 4-5 years... Too pricey for what I got to be frank.

[SpontaneousOrder]

My most recent qdos IR35 review said its important to have it from an IR35 perspective.