Is your client thinking of cancelling or non-renewing their Professional Indemnity, Management Liability or Cyber policy?
Given the current economic challenges being faced by many businesses, you may find your clients are wishing to cancel cover in order to save on costs, or worse, if they are facing the prospect of collapse. It’s critical your clients are fully aware of the pitfalls of cancelling cover, particularly under a Claims Made Policy.
In consultation with our panel law firm, Barry.Nilsson. we wanted to highlight the key areas clients should consider before cancelling a Claims Made policy. In this document we cover: