Reply to: Client requests to see Insurance Policy Schedules

[LondonManc]

Apparently it's either a principle or sensitive commercial information that the client could share with your competitors.

The former - it's Bolshie we're talking about here.

[Old Greg]

What does it matter if the certificate shows the price you paid for it?

Apparently it's either a principle or sensitive commercial information that the client could share with your competitors.

[ladymuck]

What does it matter if the certificate shows the price you paid for it?

[LondonManc]

Every single banking contract I need to produce my cert otherwise bye bye

Correct, but you don't show what the premium value is, just the insurance values.

[GhostofTarbera]

No, it's not normal. Im surprised so many here think it is. It is normal for the agency to ask this not the client. Your contract is with the agency (unless you're direct).

Would I be happy to show them the certificates and your renewal costs? Perhaps the certificates but renewal costs? Nope, none of their business. Your certificates, if you agreed to show them, will have the period of cover on them.

Every single banking contract I need to produce my cert otherwise bye bye


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[LondonManc]

No, it's not normal. Im surprised so many here think it is. It is normal for the agency to ask this not the client. Your contract is with the agency (unless you're direct).

Would I be happy to show them the certificates and your renewal costs? Perhaps the certificates but renewal costs? Nope, none of their business. Your certificates, if you agreed to show them, will have the period of cover on them.

Correct. Which is why I said to scan them in and blank the costs out. Tesco, Asda, Aldi, etc all see each others' retail prices, but no way they're going to share salary or food buying costs.

[BigRed]

Would I be happy to show them the certificates and your renewal costs? Perhaps the certificates but renewal costs? Nope, none of their business.

I can see how you selected your username.

[BolshieBastard]

I have been contracting for a client for many years.

Out of the blue this morning they have asked to see my Insurance Schedules for Public Liability and Professional Indemnity insurance.

Is this normal?

Being a good contractor I have both of course, but the schedules include the annual renewal fees, and I'm not sure why they need to see these.

No, it's not normal. Im surprised so many here think it is. It is normal for the agency to ask this not the client. Your contract is with the agency (unless you're direct).

Would I be happy to show them the certificates and your renewal costs? Perhaps the certificates but renewal costs? Nope, none of their business. Your certificates, if you agreed to show them, will have the period of cover on them.

[LondonManc]

I have been contracting for a client for many years.

Out of the blue this morning they have asked to see my Insurance Schedules for Public Liability and Professional Indemnity insurance.

Is this normal?

Being a good contractor I have both of course, but the schedules include the annual renewal fees, and I'm not sure why they need to see these.

Very normal.

Use MS Paint or similar to blank the fees out.

Keeeeep billing!

[jayn200]

They probably ran out of work to do given current situation and just trying to find some busywork.

[CheeseSlice]

Go on then.. What did you break? and who did you punch in the face?

I was joking, so hopefully its neither of these
As others have said, its perfectly normal to ask for insurance certificates. Some agents don't bother at all. It just comes down to their attitude to risk.
If they're asking part way through a contract, then the agent is probably just improving their onboarding process, and reviewing existing contractors records against these.

Edit: also insurance only tends to last for 12 months, so they may ask to see it again every year if you're lucky to be in contract for that long.

[ladymuck]

I have been contracting for a client for many years.

Out of the blue this morning they have asked to see my Insurance Schedules for Public Liability and Professional Indemnity insurance.

Is this normal?

Being a good contractor I have both of course, but the schedules include the annual renewal fees, and I'm not sure why they need to see these.

Lots of insurance schedules include the fees. I remember seeing that on the PL insurance certificates displayed in various places at an ex-Client. I don't know why the premium is included but it's not really an issue unless you're worried that your £9.99 policy from Bobshawaddywaddy Insurancings Ltd isn't totally legit

[simes]

You've been with the same client for so many years that basic dilligence/compliance checks take you by surprise?

Here we go... .

Your spelling of diligence not withstanding, if this is the first time he's experienced this, then yes, it will have taken him by surprise. There being a first time for everyone with everyThing…

Climb down fella.

[Lance]

I have been contracting for a client for many years.

Out of the blue this morning they have asked to see my Insurance Schedules for Public Liability and Professional Indemnity insurance.

Is this normal?

Being a good contractor I have both of course, but the schedules include the annual renewal fees, and I'm not sure why they need to see these.

You've been with the same client for so many years that basic dilligence/compliance checks take you by surprise?

[daydream]

Thanks all for your replies.

It was just the out of the blue request that threw me - You would expect them to ask this upfront not X years down the line. But they have confirmed they are just tiding up ready for their next audit.

(They also pointed out the section of the contract where I have to be able to produce them if requested, so I have now done so!)