If you want to cancel an insurance policy arranged through Webber Insurance, please provide the instruction to us in writing.

An email is generally sufficient.

What information should I provide? #

Please tell us:

• Which policy you want to cancel
• The requested cancellation date
• Why the policy is being cancelled
• Whether the business is closing, being sold or changing insurer
• Any other relevant circumstances

The insurer will determine whether cancellation can take effect from the requested date.

Any return premium depends on the insurer’s cancellation terms. A policy may be subject to:

• Pro-rata cancellation
• Short-period cancellation
• Minimum premium
• Minimum and deposit premium
• Non-refundable premium
• Other policy-specific cancellation terms

Webber Insurance fees and commission may also be treated in accordance with our Financial Services Guide.

Before cancelling, check for funding or continuity issues #

If the policy is being Premium Funded, cancelling the insurance does not automatically cancel the funding balance.

Read more about cancelling a Premium Funded policy.

Particular care is also required before cancelling claims-made policies such as Professional Indemnity Insurance. Depending on the circumstances, run-off or replacement cover may need to be arranged before the existing policy ends.

You can read more about run-off cover.

If you are moving to another insurer, the effective dates, retroactive cover and other continuity issues should be checked before cancelling the existing policy.

Once cancellation has been processed, we can provide confirmation of the insurer’s action.

Contact our team if you are considering cancelling a policy.