Solicitors and their friends and associates.
When the majority of Solicitors get all hot and sweaty about their PI (Professional Indemnity) renewals on the 1st October.
I hear this a lot from contacts and associates in the city of London, where premiums for the legal sector are the highest. The one thing they always rant about (apparently) is the cost of their PI Insurance.
I get this I really do.
Premiums in the legal sector have in some cases gone up by over 400% in the last 5 years.
What is also true is solicitors NEVER do what they need to do to get those premiums down!
Because of revulsion or apathy, they engage late with the existing provider, fill in a proposal form, then wait almost until the last minute, when they are told GUESS WHAT?
The premiums gone up again.
But there is an effective way to reduce premiums.
Engage early (and that means NOW) with a whole of market broker, who works on fixed fees, and has no other focus than to get you the cheapest premium available in the market.
It also means we get commitment to quote from a range of providers, before the existing insurer/broker can close them off with fake requests for quotes. It does happen!
So, if you want lower premiums just message me here to start the process, because:
If you always do what you always did, you are always going to get, what you always got!
And that means ever increasing premiums!
And let’s look forward to lower premium – Year on Year!
Have a great week 😎