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Written by Hammond
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Tuesday, 30 June 2009 13:22 |
Hammond Professional Indemnity Consultants offer a facility for accountants, surveyors and a number of other professionals to purchase their run-off cover for a period of up to 72 months (six years) with a one-off single premium.
Six year PI (Professional Indemnity Insurance) “run off” cover is offered by a very limited number of insurers and has proved very attractive to many of our professional clients.
This is an excellent way to avoid the uncertainty of unknown premiums every year and allows the finalisation of your PI cover in advance at a fixed, one-off price. This cover can be ideal for those entering retirement, selling their business or merging their business with someone else where both parties don’t want to share the liabilities of the old businesses.
PI Run off cover can also be purchased via shorter multiple year policies with the option in some cases to purchase part years, for example five and a half years.
See our newsletter from more information on PI run off cover
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