With many ACE members reporting unprecedented increases in their Professional Indemnity Insurance (PII) premiums, ACE affiliate, Griffiths & Armour has shared new, up-to-date guidance.
The document, which can be exclusively downloaded by ACE members below, outlines the tangible steps which need to be taken to reduce annual premiums.
ACE Director of Membership, Darrell Matthews said: “There are many factors that have contributed to the recent rise in premiums – uncertainty on the economy, the impact of Brexit, failings in the sector, possible new legislation on the horizon and an end to the ‘soft market’ that existed in insurance for decades. Now is the right time to review your insurance requirements and this advice will help you to do so.”
In related activity, ACE will soon be announcing a series of PII roadshows delivered in tandem with affiliate Griffiths & Armour. These will provide ACE members with the opportunity to speak to independent experts face-to-face on a wide range of insurance issues.
Furthermore, ACE will soon be gathering evidence and case studies for an approach to government and will engage with insurance trade bodies on this issue to make them both aware of the current pressures on consulting and engineering businesses in this space.
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