Just out of interest ........

**sal** · 16 June 2015, 15:16

£2-5 mil cover for £300ish you do the math how likely it is for a claim to occur...

**stek** · 16 June 2015, 15:26

Originally posted by Yampy View Post

Just out of interest does anyone know of a situation where professional indemnity insurance has actually been claimed by a clientco.

Why, what have you done?

**SueEllen** · 16 June 2015, 15:40

Originally posted by Yampy View Post

Just out of interest does anyone know of a situation where professional indemnity insurance has actually been claimed by a clientco.

Not for IT contractors.

Tradesmen get lots of claims hence their insurance costs more.

**Contreras** · 16 June 2015, 16:00

Originally posted by sal View Post

£2-5 mil cover for £300ish you do the math how likely it is for a claim to occur...

alright ...

P = (X*N/M) = 0.1%

... on the basis that the majority of claims will be rejected and those that succeed will be for significantly less than the maximum cover.

**tractor** · 16 June 2015, 16:47

Originally posted by Contreras View Post

alright ...

P = (X*N/M) = 0.1%

... on the basis that ~~the majority of claims will be rejected and those that succeed will be for significantly less than the maximum cover~~ the answer to Hannah's sweets was correct.

FTFY

**Yampy** · 16 June 2015, 16:48

Originally posted by stek View Post

Why, what have you done?

Nothing yet thankfully just interested to know really

Just out of interest ........