Professional Indemnity insurance works on a claims-made basis, meaning that a claim must be made within the policy’s term. If you’ve been contracting for many years and have just changed PI provider, you should check that any of your past contracts are covered under the new policy.
For all trades, with the exception of IT, our PI insurance policy includes retroactive cover as standard, meaning you will be covered for work undertaken before you took out your policy with Qdos. Please ensure you tell us all services you need covered under your policy if there has been any change in the course of your business.
Our IT contractor Professional Indemnity insurance doesn’t include cover for past work as standard, so if you have had a gap in cover, have moved to Qdos from another provider, or have been operating previously without insurance, you may wish to include ‘Cover for Past Work’ during the quote process.
Click here for more information.