All well and good if it is “Cheap” (although I hate that word) but if you don’t get the correct cover for your PII Policy it could be very expensive.
You need to check that the cover you get suits your requirements. It could be that your policy doesn’t extend beyond the UK and with more and more companies now operating outside the UK, this needs to be a consideration. Many problems also occur with contractual agreement that could over extend your Professional Indemnity wordings, best to get this checked with your brokers.
Unfortunately because Professional Indemnity Insurance has become easier to obtain online some companies don’t have the in dept experience to help you with what your policies are actually offering. So ‘cheap’ isn’t always the best option, cheaper may save you some money at the point of sale, but what about when you go to claim?
