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Topic Title: PI Cover
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Created On: 26 November 2012 12:18 PM
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 26 November 2012 12:18 PM
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leckie

Posts: 1709
Joined: 21 November 2008

Hi

Im renewing my insurance at the moment but i am now doing ECIR's for rented houses, etc, and I am not sure what the insured sum should be Has anyone got any idea as my insurers didn't seem to be able to offer much advice

Many thanks
 26 November 2012 12:50 PM
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mkmike

Posts: 27
Joined: 15 April 2011

I think the norm for most schemes is £250K PI but that obviously can vary depending on what you doing.

My PLI is £5Million and my PI is £250K.

Sure there is some additional cover like Financial loss etc at about £100K.
 26 November 2012 01:13 PM
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Avatar for leckie.
leckie

Posts: 1709
Joined: 21 November 2008

Thanks for that

My cover at the moment is 2 million PI, 10 million EL and 500k PI cover.
On the schedule it say financial loss no covered What is it and do I need it?
 26 November 2012 02:21 PM
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rocknroll

Posts: 8826
Joined: 03 October 2005

On the schedule it say financial loss not covered What is it and do I need it?


Financial loss arising from;

Work on aircraft and airfields/airports and similar establishments.
Asbestos.
Contractual liability.
Electronic data, your email or website.
Foreign workers.
Discrimination and deformation.
Intellectual property.
Non performance.
Offshore installations.
Deliberate act.
Overseas.
Personal data.
Pollution.
Professional duty.
Radioactivity.
Rectification of defects.
War and act of God.

This list is not exhaustive, get your insurers to outline what you are not covered for.

regards

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"Take nothing but a picture,
leave nothing but footprints!"
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"Oh! The drama of it all."
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"You can throw all the philosophy you like at the problem, but at the end of the day it's just basic electrical theory!"
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