CMI/IBC Members Insurance

The Problem
Many professionals operate as independent consultants, either as sole traders, in their own limited companies or in partnerships and whilst this brings many advantages, it also produces potential insurance problems that would not occur if they worked as an employee of another company. Today any provider of professional services is exposed to a number of potential forms of litigation. These can result from actions taken by employees or clients and it is a fact that the UK is increasingly following the US where litigation is more frequently being used to settle disputes.

The Solution
An integrated insurance package, providing insurance solutions at competitive premiums underwritten by Hiscox Insurance PLC, (Hiscox) providing the following insurance cover.

The Services We Offer:

• Public / Products Liability
  • All schemes include up to £1,000,000 for any one claim and in all in respect of Products Liability.
  • Excess £250 each and every third party property damage claim.
  • Insurance cover, if granted, is subject to the terms and conditions of Hiscox Insurance Company Limited Policy Wordings.
• Employers Liability
  • All schemes include up to £10,000,000 for any one claim.
  • No excess.
• Professional Indemnity
  • Optional scheme limits applying to any one claim in any one year inclusive of costs and expenses.
  • Scheme A £100,000 Scheme B £250,000 Scheme C £500,000 Scheme D £1,000,000.
  • No excess in respect of the first claim and £250 each and every claim thereafter.
  • Higher limits are available on request.
• Household Insurance
  • Buildings & Contents
  • Valuables
  • Competitive rates for members of schemes and non members

Who to contact:

For further information on any of these services please contact one of the following members of our staff on 0207 929 3400

• Susan White »Email
• Tim Evans »Email

PI Proposals:

• IBC Statement of Fact
  (Online Application)
• CMI Statement of Fact
  (Online Application)
• World Wide Cover
  22/09/2008
• Misc Prop Form
  22/09/2008

Links:

• Institute of Business Consulting