The brokers' sales teams swing into action, and (frankly) to stop them constantly telephoning me - We occasionally complete one of their 'short form' proposals as to seeking insurance cover - Which this year has elicited the following response:-
'Hi [Redacted],
Thank you very much for sending through your proposal form which I have just finished reviewing.
Unfortunately, due to the complete lack of any claims history against you - both personally (across your entire career), and at a firm-wide level (since you founded your business) - you are considered an extremely good risk, and it is unlikely that we will be able to offer any quotation that will be competitive with that offered by your existing brokers. Sadly, I am not going to be able to help you at this time.
If for any reason you experience an event likely to give rise to a significant increase in premium upon renewal, then please let me know as I would be more than happy to help.
As a business, we are looking for law firms (including those trading unregulated) who regularly need to involve their insurers in defending claims under their professional indemnity insurance relating to negligent professional advice - So do please feel free to recommend our services (and keep our details on file) for any firms you may come across who would seemingly meet our criteria.
Apologies.
Kind regards,
[Redacted]'
Oh, the stories we could tell / details we could pass across if confidentiality allowed!
Dan.Johnson@EquitableLaw.com
+44 (0) 7788 537 187 = U.K. Cell., / e-Tel.
