Short Term Insurance

[silent bob]

Anyone know where I can get short term Public Liability and Professional Indemnity insurance?

Everywhere I'm checking only seem to do yearly.

I understand that once you cancel the insurance or when it runs out, thats it, you're not insured any more.

However, been offered a perm role at the place I've been contracting at for last 9 months.

My insurance has just expired, and I need it for the rest of the month.

From April I'll be perm. So I plan on beginning MVL fairly quickly.

Which means the option of getting a yearly policy with QDOS (who I'm currently with), then cancelling somewhere down the line, may then not be possible, as I assume that the business bank account, where the refund would go, would no longer exist??

Would be happy with maybe a 3 or 6 month policy. Just annoying if I'm paying 12 months premium for the sake of a few weeks.

[Paralytic]

Have you tried giving Hiscox a call? I doubt you'll get this without phoning a company, or even a broker.

Or maybe look for one that gives a refund pro-rata if you cancel, and take out the annual policy.

Or just a accept a few £ hundred is an overhead for this month of work.

[northernladuk]

The idea of PI is not just to cover you while you are working, it's to cover you if anything is discovered later. It's not a product you only buy for a few months.

It's good practice to hold your PI for a full year after but if you are MVL'ing and there is no company to go after I guess it doesn't matter. Bearing in mind it's going to take a while for the MVL you'll need cover for longer than the month so I'd just pay the yearly fee and cancel later. It's like what, 200 quid?

[Lance]

Have you tried giving Hiscox a call? I doubt you'll get this without phoning a company, or even a broker.

Or maybe look for one that gives a refund pro-rata if you cancel, and take out the annual policy.

Or just a accept a few £ hundred is an overhead for this month of work.

QDOS allow you to cancel insurances pro-rata. Or they did when I asked. Although that was to get more cover. They let me cancel one and start another. On that basis I assume it's their standard Ts&Cs.