The major advantage of a combined policy covering Professional Indemnity
and Products Liability under a single policy is the significant premium saving
compared to two separate policies. Another advantage is that when both covers are combined under a single policy, it is easier to administer your insurance portfolio: There is a single premium and a single period of insurance making renewal and overall control easier.
A combined policy comes with a specific disadvantage that needs to be considered - there is a single aggregate limit of liability for both covers, however when taking a broader look at things there is some benefit: This is an attractive and value for money policy. This is one of the unique advantages we offer our clients when arranging a Contractors All Risks policy
Individually tailored policy
– As is the case with Contractors All Risks insurance
, no two projects are identical and hence insurance policies can greatly differ. Arranging a combined Professional Indemnity and Products Liability policy
still enables us to tailor the cover to the unique needs of the developer or contractor and the type of project involved to obtain the widest possible insurance cover at the lowest possible price.