• Changes to Professional Indemnity Insurance

    For several years market conditions have been favorable for buying professional indemnity insurance, however recent events indicate that conditions are now changing and will be hardening for the first time in many years. Due to poor performance of results, the focus will be on managing performance rather than growth.

    How could this affect manufacturers - With reduced capacity in 2019 some firms may experience unexpected premium increases, more restrictive coverage or delay in receiving quotes and terms.

    What steps can you take
    - It sounds obvious but don't leave it until the last minute to submit your proposal form, or agree your renewal terms, there is always a risk that circumstances within your firm, or the market generally could change in a way that disadvantages you.

    Attached is the full market update from Howden, email enquires@eefinsurance.co.uk for further information.
    Attached Files Attached Files
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  • For several years market conditions have been favorable for buying professional indemnity insurance, however recent events indicate that conditions are now changing and will be hardening for the first time in many years. Due to poor performance of results, the focus will be on managing performance rather than growth.

    How could this affect manufacturers - With reduced capacity in 2019 some firms may experience unexpected premium increases, more restrictive coverage or delay in receiving quotes and terms.

    What steps can you take
    - It sounds obvious but don't leave it until the last minute to submit your proposal form, or agree your renewal terms, there is always a risk that circumstances within your firm, or the market generally could change in a way that disadvantages you.

    Attached is the full market update from Howden, email enquires@eefinsurance.co.uk for further information.
    Attached Files Attached Files