- Top Corporate Insurance Losses
Top Corporate Insurance Losses
Research over the past 5 years shows that Professional Indemnity (P.I) is the top cause of loss to UK businesses beating Fire, Storms, Damaged Goods and Faulty Workmanship!
P.I claims are the top culprit in both value (28%) and number (34%) of claims. Your organisation’s risk landscape is in a constant state of change making mitigation a little complicated. The market has reacted to this rise in losses and many Insurers have withdrawn from the market and those remaining have been forced to harden their rates increasing premiums in some instances by over 300% and modifying and reducing covers.
Inspire Insurance are a leading broker in this market and can source competitive and comprehensive policies in these difficult times. Clearly you need to ensure you have proper PI cover, but, above all, your business needs robust cover for protection in any scenario which we can assist with.
For insurance solutions tailored for your business, contact Inspire Insurance Services today.
Get a Competitive PI Quotation