Professional Indemnity Insurance Scheme for Pali users providing
Home Information Packs
using the Hip View system and/or other search companies
Please find summarised below the details of our scheme:
Option 1 provides cover for Professional Indemnity Insurance in isolation
– Option 2 includes Public Liability
Insurance.
OPTION 1: PROFESSIONAL INDEMNITY (PI)
PI Limits of Indemnity

Premiums for up to 300 HIPs

Premiums for
301 – 450 HIPs

Premiums for
451 – 600 HIPs

£250,000

£120.00 + IPT @ 5% + £25 Fee = £151.00

£120.00 + IPT @ 5% + £25 Fee = £151.00

£120.00 + IPT @ 5% + £25 Fee = £151.00

£500,000

£120.00 + IPT @ 5% + £25 Fee = £151.00

£144.00 + IPT @ 5% + £25 Fee = £176.20

£192.00 + IPT @ 5% + £25 Fee = £226.60

£1,000,000

£150.00 + IPT @ 5% + £25 Fee = £182.50

£225.00 + IPT @ 5% + £25 Fee = £261.25

£300.00 + IPT @ 5% + £25 Fee = £340.00

£2,000,000

£225.00 + IPT @ 5% + £25 Fee = £261.25

£337.50 + IPT @ 5% + £25 Fee = £379.38

£450.00 + IPT @ 5% + £25 Fee = £497.50
Premiums for 601 + HIPs – please refer
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If this scheme does not appear to be suitable for your business activities and/or the size of your company please call 0800 055 60 83 or CLICK HERE.
OPTION 2: PROFESSIONAL INDEMNITY (PI) & PUBLIC LIABILITY (PL)
PI & PL Limits of Indemnity

Premiums for up to 300 HIPs

Premiums for 301 – 450 HIPs

Premiums for 451 – 600 HIPs

£250,000 PI &
£1,000,000 PL

£225.00 + IPT @ 5% + £25 Fee = £261.25 £337.50 + IPT @ 5% + £25 Fee = £379.38 £450.00 + IPT @ 5% + £25 Fee = £497.50

£500,000 PI &
£1,000,000 PL

£261.00 + IPT @ 5% + £25 Fee = £299.05 £391.50 + IPT @ 5% + £25 Fee = £436.08 £522.00 + IPT @ 5% + £25 Fee = £573.10

£1,000,000 PI & £1,000,000 PL

£315.00 + IPT @ 5% + £25 Fee = £355.75 £472.50 + IPT @ 5% + £25 Fee = £521.13 £630.00 + IPT @ 5% + £25 Fee = £686.50

£2,000,000 PI &
£2,000,000 PL

£450.00 + IPT @ 5% + £25 Fee = £497.50 £675.00 + IPT @ 5% + £25 Fee = £733.75 £900.00 + IPT @ 5% + £25 Fee = £970.00

Premiums for 601 + HIPs – please refer.
Quotations to include Employers’ Liability insurance available on request.

N.B. The above rates apply to risks with the following features/activities:

  • Home Information Pack Providers who are Pali users

All risks with the following features or fees derived from the following activities should be referred to underwriters:

  • Where the third party providing constituent parts of the HIP does not carry their own professional indemnity insurance
  • Where the proposer provides any constituent part of the HIP other than a domestic energy assessment which is separately insured, index and sale statements, drainage & water search reports provided by the water authority and Official Copy Register and Title Plans provided by HM Land Registry.
  • Where subrogation rights are not intact against all third party providers
  • Where the proposer expects to undertake more than 600 HIPs in the forthcoming year

Professional Indemnity and Public Liability Scheme
Terms & Conditions:

* All risks must have all of the following features:

  • No claims or circumstances in last 6 years
  • The majority of principals must have relevant qualifications or a minimum of 3 years relevant experience
  • Proposer has not at any time been refused similar insurance, or had any policy cancelled or voided at any time
  • All fees derived from UK clients and work carried out in the UK
  • No work carried out offshore
  • No manual work carried out
  • Proposer’s activities have not changed materially during the past 6 years, or for as long as they have been trading if less than 6 years

If you do not comply with all of the above please contact our office on 0800 055 60 83 as we may be able to quote terms with other insurers.

* Retroactive Date: Inception (if you have previously held professional indemnity insurance cover please advise us of the retroactive date so that we can refer to insurers for the retroactive date to be carried forward)

* Territorial Limits: Worldwide

* Jurisdiction: Worldwide excluding USA/Canada

* Where the proposer is providing their own domestic energy assessments the following endorsement will apply:

It is hereby noted and agreed that the Insurer shall not have any liability under this policy for, or directly or indirectly arising out of, or in any way involving domestic energy assessments produced by the Insured. All other terms, conditions, exclusions and limitations in this policy remain unaltered.

* Policy period – 12 months renewable annually

* Premium payment – the initial premium is to be paid in full at inception prior to cover being issued.

* Number of HIPs -The Insured shall keep an accurate record of all home information packs produced including details of the address and post code to which the home information pack relates. If the estimated number of HIPs is exceeded during the course of the policy the Insured must notify Insurance2day immediately for the policy cover to be upgraded.

* The professional indemnity limit of indemnity is for Any One Claim, excluding costs and expenses.

* £1,000 professional indemnity excess each and every claim, not applicable to defence costs.

* Satisfactorily completed proposal form and payment of premium

* Standard policy wordings and warrantees

If cover is arranged for Public Liability insurance then the following additional terms will apply to the public liability insurance section:

* The limit of indemnity is for Any One Claim, including costs and expenses.

* £100 third party property damage excess each and every claim, not applicable to defence costs.