Reply to: Agent wants more cover from Professional Indemnity Insurance

[Sockpuppet]

£400 seems a lot. I have mine for around half of that amount.

A lot depends on your type of work.

Mention the words "construction" or "design of warehouse" i.e. my field of work and watch them either say a) no cover or b) no that isn't a phone number its your quote.

[Sausage Surprise]

Take out the accident cover and my premium for last year was £154.88. Some of the quotes I've seen for similar cover are ridiculous.

[nomadd]

I pay £400 for mine, so does a guy I work with who earns £120k!

I think for £1m PI, £5m PL and the rest with the accident ebenfit I thought this was good. Has anyone found anything better..?

Nope, I pay £500 for similar. Still, client insisted it was in place - pronto - so I just went for one they and I were happy with. And 1 years worth of contracting at £600 / day in an investment bank kinda makes it all worth while. I've honestly forgot about the whole thing now. Let's hope the OP sees sense and just "bites the bullet" too.

[Son of Tay]

£400 seems a lot. I have mine for around half of that amount.

[BolshieBastard]

would you really? the man who can't even tell a client he isnt accepting an extension without someone holding his hand would tell them to **** off and walk away from a contract for the sake of a few quid?

absurd.

Seems like you dont need to practise at being a mong. It comes naturally to you.

I'd say it was pretty absurd that some people, ie you, cant read a thread properly. When you've read the thread properly and used a bit of commonsense, I may give you the time of day (I did say may just in case you get that wrong as well).

[lovelybrownelbows]

Agree with you there. Different contracts. different amounts.

The OP should tell the agent he'll increase cover when the current one runs out. If they demand it, I'd tell them to **** off.

would you really? the man who can't even tell a client he isnt accepting an extension without someone holding his hand would tell them to **** off and walk away from a contract for the sake of a few quid?

absurd.

[kaiser78]

Agree with you there. Different contracts. different amounts.

The OP should tell the agent he'll increase cover when the current one runs out. If they demand it, I'd tell them to **** off.

If you're in a position to do so only...

[BolshieBastard]

Bollocks.

Different contracts want different amounts. Some don't specifically ask for any or give an amount.

Before you get upset with me again pointing out what you write isn't the holy grail there have been other posts on this...............

Agree with you there. Different contracts. different amounts.

The OP should tell the agent he'll increase cover when the current one runs out. If they demand it, I'd tell them to **** off.

[willjohns]

Interesting above - how much do you pay if you don't mind me asking ? Monthly/Annually ?

I pay £400 for mine, so does a guy I work with who earns £120k!

I think for £1m PI, £5m PL and the rest with the accident ebenfit I thought this was good. Has anyone found anything better..?

The do recommend a friend I noticed in an email the other day so you could make some money on it...

Used to be with Dallas, but they have the spread PI thing.

Will

[Billy Pilgrim]

three out of my last four have been a million.

You'd be mental not to cover it if thats what they want !!!

[SueEllen]

It's not your pointing out that gets to me - it's the lack of respect you offer to anyone who doesn't tally up with what you believe.

The only reason you get shown a lack of respect is that you generally post without any reliable reference information or indicating its from your experience.

Other posters including the other agent that posts on here have views I don't agree with but due to how they put their point across I have no reason not to respect them.

You'll notice I don't post on this forum to generate business, candidates, contracts or margins - purely to give you guys the benefit of my experience - perhaps remember that?

Unfortunately due to some of your previous posts that's hard to believe.

I might sometimes write it as if it's holy grail, for which I tentatively apologise, but in this context, the OP is talking about a couple of hundred quids business expense, to gain a number of thousand pounds worth of business - it's hardly rocket science to suggest that he/she just swallows a couple of hundred quid, and stops moaning - there are many who would bite his/her arm off to be in this situation.

Agreed on this. If you want the contract then get the PI.

I have not stated that different contracts don't need different amounts - what I'm saying is that £1m PI is pretty standard stuff when no other amount is requested

It isn't.

You don't have to do much of a search on here to find that different clients and agencies require different amounts.

Plus off my head the last 4 contracts (all in different industries) I've had not one requested an amount for PI when I queried only one required me to have higher than £250,000 and that amount was £0.5 million.

- I've worked for two businesses over the last 5 years, and they've ALWAYS requested £1million PI, unless specifically requested higher by the client.

Two businesses != everyone

(Then neither is 4 but I did say use this site's very good search facility)

[kaiser78]

Kingsbridge offer a set package of insurance, I have been with them for 3 years now. They provide £1m Professional Indemnity as standard. I have £1m PI, £5m PL, with £100k Pwersonal Accident and death benefit too which includes £500 weekly benefit. The price has not changed, and you can purchase instantly online.

Most of the guys I know use them, and they range from IT, to Engineers!

Will

Interesting above - how much do you pay if you don't mind me asking ? Monthly/Annually ?

[The Agents View]

Bollocks.

Different contracts want different amounts. Some don't specifically ask for any or give an amount.

Before you get upset with me again pointing out what you write isn't the holy grail there have been other posts on this...............

It's not your pointing out that gets to me - it's the lack of respect you offer to anyone who doesn't tally up with what you believe. You'll notice I don't post on this forum to generate business, candidates, contracts or margins - purely to give you guys the benefit of my experience - perhaps remember that?

I might sometimes write it as if it's holy grail, for which I tentatively apologise, but in this context, the OP is talking about a couple of hundred quids business expense, to gain a number of thousand pounds worth of business - it's hardly rocket science to suggest that he/she just swallows a couple of hundred quid, and stops moaning - there are many who would bite his/her arm off to be in this situation.

I have not stated that different contracts don't need different amounts - what I'm saying is that £1m PI is pretty standard stuff when no other amount is requested - I've worked for two businesses over the last 5 years, and they've ALWAYS requested £1million PI, unless specifically requested higher by the client.

[SueEllen]

£1 million is fairly standard really.

Bollocks.

Different contracts want different amounts. Some don't specifically ask for any or give an amount.

Before you get upset with me again pointing out what you write isn't the holy grail there have been other posts on this...............

[willjohns]

Kingsbridge Professional Solutions

Kingsbridge offer a set package of insurance, I have been with them for 3 years now. They provide £1m Professional Indemnity as standard. I have £1m PI, £5m PL, with £100k Pwersonal Accident and death benefit too which includes £500 weekly benefit. The price has not changed, and you can purchase instantly online.

Most of the guys I know use them, and they range from IT, to Engineers!

Will