As you should be aware, it is a legal requirement on all contracts that you have Personal Liability (PL) and Professional Indemnity (PI) business insurance. The common requirement is for these to be up to £1,000,000. How much do you pay for yours per month? Have you ever done a price comparison or questioned your peers to see whether you’re paying a fair price?
When I started my first contract, I was informed that I had to have PL and PI, so I asked the only other contractor that I knew who he used and went straight to them. It took me 2 years until I realised that I was paying more than double what some of my colleagues were for the same coverage and that’s when I switched to Hiscox.
Click below to find out whether or not you could be saving money on your business premiums.