Pinsure Limited is a recognised specialist professional indemnity insurance ( P.I.I.) broker. Pinsure Limited has been appointed by the ICB to
administer an Institute compliant Professional Indemnity Insurance (P.I.I.) member s Scheme.
The ICB member s scheme has been placed with a leading insurer HCC International Insurance
Company Plc., a subsiduary of HCC Insurance Holdings Inc., to ensure that all members,
regardless of size, are able to secure approved cover at an affordable cost.
The ICB member s scheme P.I.I. policy provides extremely broad coverage. The minimum
insurance requirement needed to comply with the ICBs requirements is a P.I.I. policy with a limit
of £50,000. Although £50,000 is a minimum limit requirement we recognise that many members
may wish to purchase enhanced cover. For your convenience and to achieve competitive pricing,
we have anticipated this and have negotiated an alternative P.I.I. limit of £100,000, also available to
you at pre- rated premium levels. For practitioners earning fees in excess of £50,000 minimum
premium levels make the cost of a £50,000 the same as the £100,000. We have therefore only
offer you the higher limit for financial viability purposes.
Members can self calculate the premium costs by selecting the levels of coverage required from
the attached insurance request form. Cover will be effected immediately on receipt and acceptance of:
Cover will be effected immediately on receipt and acceptance of
- Your completed proposal form
- Your completed Insurance Request Form (form attached). Please confirm the coverage options you require by ticking the relevant boxes
and confirm the total premium due for payment where prompted
- Your payment of the due premium (we cannot effect cover without payment/Direct Debit Instructions)
- Should you wish to renew an existing open market Policy through the members scheme we will additionally need your confirmation of its
renewal and retroactive date or a copy of its schedule page.
Professional Indemnity Insurance policies are issued on a claims made basis and as there are no
periods of grace allowable on this form of insurance, once your policy has lapsed all cover would
cease, even in respect of work undertaken during a previously insured period. Please ensure that
you are fully aware of the implications of allowing your policy to lapse once you cease to trade.
Should you require a quotation for run off cover to indemnify your ongoing liabilities in respect
of work previously undertaken please complete the proposal form and return to this office
indicating you want Run Off Cover . A quotation and full details will then be provided.
Please read the information sheet before completing your proposal form and insurance request
form to avoid delay in the processing of your insurance. A copy of the P.I. policy wording is
available on our website www.pinsure.co.uk. This and the other policy wordings can also be
requested by contacting Pinsure Limited on 01903 815111.
