Frequently Asked Questions

This is your trading name. Your trading name can be a limited company or a sole trading status company which can either trade under an approved “trading” name or just under your own name.

Any fact which would influence the Insurer in accepting / declining a risk, calculating the premium and applying relevant terms / conditions to the policy. All material facts must be disclosed to avoid any future claim is not jeopardised.

This is your financial year end as disclosed to the Inland Revenue.

For a new practice, you must estimate what you think will be the realistic fee income for your first trading year based on your business plan. This figure will be used to calculate your premium. Should this estimate prove to be inaccurate at any stage during your first trading year you must notify this to Pinsure immediately. Dependent on the discrepancy an additional premium may then be charged mid-term. Once you have passed your first financial year end you will have a definite actual earned fee income figure on which to base your premium when renewing your policy.

If you are a sole practitioner just enter your own name and your qualifications. If you are running a partnership or limited company you must name all partners and/or directors together with all their relevant qualifications.

The establishment date is the date your practice first started, or intends to start practicing.

Please be advised that in the majority of cases professional liability insurances cannot be cancelled by the policy holder. Refer to your specific policy wording for the insurer‟s procedure. Pinsure Limited will charge a cancellation fee of £100 to cover administration should cancellation be granted.

Please contact the highly skilled and qualified Pinsure Limited team on 01903 815111 or email help@pinsure.co.uk