The time required to obtain a Professional Indemnity Insurance quote depends on the occupation, insurer and complexity of the risk.

Some established facilities or straightforward risks can be quoted relatively quickly, while other applications require referral to an underwriter.

What can affect the timeframe? #

Factors can include:

• Your occupation
• Business activities
• Annual turnover
• Professional fees
• Project values
• Claims history
• Previous insurance history
• Contractual requirements
• Required limits
• Overseas work
• Unusual or higher-risk services

Webber Insurance has specialist facilities for a number of professional occupations. Where a business meets the facility criteria and provides complete information, the quoting process can often be more streamlined.

When can additional time be required? #

Additional time may be required where:

• The business is a new venture
• There are previous claims or circumstances
• The occupation falls outside standard insurer appetite
• High limits are required
• Unusual contracts or exposures need review
• The insurer requires further information

Providing complete information from the outset generally reduces follow-up.

Contact our team if you have an upcoming renewal or contract deadline and need to arrange Professional Indemnity Insurance.