Because PI policies are claims-made policies, once they expire, they will not cover any more claims. That leaves you exposed years into the future after you retire or stop trading for mistakes you made in the past, which is why you should consider run-off cover.

Run-off cover is required for certain professions, such as solicitors, accountants, architects, financial advisers and some health care professionals. However, if you have provided any type of professional service (such as offering advice, making educated recommendations, developing design solutions or representing the needs of others) run-off cover may not only be appropriate, but essential.

There are many different factors to consider when assessing your need for run-off cover, therefore we invite you to Contact Us  to discuss your requirements and/or view our run-off cover section.