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Monthly PI & PL

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    Monthly PI & PL

    Hi,

    My current Insurance runs out on Friday, and my agency needs it in place apparently before they will pay me. As I have only a few weeks left anyway

    I'd rather not buy insurance for the year.

    Does anybody know of PI & PL that can be purchased on a monthly basis.


    Cheers

    #2
    Scan your previous policy document, photoshop the start and end dates, email off to pimp.

    That's what I did last year for the last month of a gig

    The pimps, bless their little IQs, just carried on paying.

    Comment


      #3
      Have you tried asking the broker / insurer if they will extend it for a month (or whatever)?
      Drivelling in TPD is not a mental health issue. We're just community blogging, that's all.

      Xenophon said: "CUK Geek of the Week". A gingerjedi certified "Elitist Tw@t". Posting rated @ 5 lard points

      Comment


        #4
        Originally posted by DaveP View Post
        Hi,

        My current Insurance runs out on Friday, and my agency needs it in place apparently before they will pay me. As I have only a few weeks left anyway

        I'd rather not buy insurance for the year.

        Does anybody know of PI & PL that can be purchased on a monthly basis.


        Cheers

        Why wouldn't you want to renew your insurances? Are you stopping contracting?

        Comment


          #5
          It's the agency which are insisting on it, otherwise I go without.

          I know I should have it though.

          Comment


            #6
            Originally posted by moorfield View Post
            Scan your previous policy document, photoshop the start and end dates, email off to pimp.

            That's what I did last year for the last month of a gig

            The pimps, bless their little IQs, just carried on paying.

            So just as your professional indemnity insurance runs out you go and do something unprofessional.

            It's so hard on this board to tell when people are genuinely doing dodgy things and when they are just winding people up for asking the wrong questions.

            Comment


              #7
              I would have thought most insurance companies should be able to do it on a monthly basis. We do and for the PI etc it's the most popular way of doing it. Means you can switch it on and off if necessary.
              Qdos Contractor - IR35 experts

              Comment


                #8
                But PI has to be in place at the time of the claim, not the incident doesn't it? So how do your clients know when to switch it on and off as necessary?

                Comment


                  #9
                  That's entirely up to them. If someone has successfully completed a contract and is on the bench they often choose to suspend the cover until they get something else. It saves having to cancel in the middle of an annual policy.
                  Qdos Contractor - IR35 experts

                  Comment


                    #10
                    Originally posted by DaveP View Post
                    Hi,

                    My current Insurance runs out on Friday, and my agency needs it in place apparently before they will pay me. As I have only a few weeks left anyway

                    I'd rather not buy insurance for the year.

                    Does anybody know of PI & PL that can be purchased on a monthly basis.


                    Cheers
                    Mine had just run out also. Current gig. wouldn't let my on site without insurance (it's a bank) and I went with http://www.hiscox.co.uk.

                    I'm doing it on a monthly basis.

                    Nomadd
                    nomadd liked this post

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