To cancel your insurance policy, you simply need to notify us in writing. An email is perfectly fine. We will contact the insurer and request cancellation from your preferred date.
If you have paid your premium in advance, you may be eligible for a refund, minus any minimum premiums or fees already charged. Please note that in the event of cancellation, Webber Insurance retains our fees and commission as outlined in our Financial Services Guide (FSG).
Most policies cannot be transferred to another party, so if you are selling or closing your business, we recommend reviewing your cover to ensure you remain protected. For policies that operate on a claims-made basis, such as Professional Indemnity, Management Liability, and Asbestos Liability, it is especially important to consider run-off cover to protect your past work even after cancellation.
If you are switching insurers, we can help coordinate the transition to ensure there are no gaps in cover. We can also guide you through related topics such as:
- Run-off cover – protection for claims made after you stop trading
- Premium funding – how cancellation may affect repayment arrangements
- Business transitions – considerations when selling or buying a business
Once cancellation is finalised, we will send you written confirmation and any final paperwork for your records.
If you are considering cancelling your insurance, contact us first. We will review your circumstances and make sure you understand your options before making any changes.