Professional indemnity · Renewals

A free second opinion on your PI renewal

Send us your renewal or current schedule. A broker will check whether the cover fits your work and compare it like for like, with no fee and no obligation to move.

Part of: Professional indemnity insurance at Apex

In short

Apex reviews the professional indemnity renewal you already have, whether you bought it online direct, as a package with cyber, EL and PL, or through another broker. We check the limit, how it applies, the excess, the retroactive date, exclusions and any bundled covers, then compare price on a like-for-like basis. There is no fee and no obligation, and your current insurer is not contacted unless you choose to move.

Who this is for

Any UK firm or sole trader with professional indemnity insurance that renews in the next few months, whether you bought it:

Online, direct from an insurer. Direct online policies are usually sold without advice, so nobody checked whether the limit, excess and add-ons fit your work.
As a package with cyber, employers’ liability and public liability bundled in. A bundle can include covers you don’t need, or leave gaps in the ones you do.
Through another broker, if the renewal has arrived with a higher price and no conversation about what changed.

IT consultants and contractors, management and marketing consultants, designers, surveyors, engineers, accountants and other professional firms all qualify. For larger PI programmes with excess layers, see the director’s programme review.

What we check

Limit of indemnity against what your contracts and professional body actually require.
How the limit applies: aggregate or each and every claim, and whether defence costs sit inside or on top of it.
Excess: the amount, and whether it applies to costs as well as damages.
Retroactive date: whether past work is covered, and whether a move would keep your retroactive date.
Activities and exclusions: whether the policy describes what you really do, and what the wording leaves out.
Bundled covers: whether the cyber, employers’ liability and public liability parts fit your business or duplicate cover you already hold.
Price: once the cover is right, we compare like for like across the insurers we deal with.

What to send us

Your renewal invitation or current policy schedule.
The policy wording, if you have it.
Last year’s proposal form, if you have one. If not, you can fill in our online proposal, or upload an existing proposal instead of filling it in.

Email the documents to info@apexinsurancebrokers.co.uk or start the proposal online. The earlier before renewal the better: four to six weeks gives time to approach insurers properly.

What happens next

A broker reviews the cover and tells you plainly what we found. If your current policy is right for you, we say so. If it isn’t, we explain the gaps and come back with alternatives on a like-for-like basis, so you can compare price and cover side by side. There is no fee for the review and no obligation to move. Nothing changes with your current insurer unless you decide to switch.

If you do switch, we line the new policy up to start on your renewal date, so there is no gap in cover. See how switching works and broker versus buying direct.

Frequently asked

Does the second opinion cost anything?

No. There is no fee for the review and no obligation to take out a policy through Apex.

Will you contact my current insurer?

No. We only review the documents you send. Your current insurer is not contacted unless you decide to move.

Can I switch before my renewal date?

Usually the cleanest time to move PI insurance is at renewal. Many PI policies give little or no refund if cancelled mid-term, so we normally line up the alternative to start on your renewal date.

Will I keep my retroactive date if I move?

We ask the new insurer to keep it, and many will where cover has been continuous. If an insurer will not match it, we tell you before you decide.

I bought a package with cyber, EL and PL. Can you review all of it?

Yes. We look at each part of the package, not just the PI section, so you can see which covers you need and compare the whole thing like for like.

Can I pay monthly?

Monthly payments are often available. See paying for PI insurance monthly.

Get your second opinion

Start your proposal online, or upload last year’s proposal from the first page of the form. You can also email your renewal to info@apexinsurancebrokers.co.uk. Or call 0117 325 0027.

Start your proposal Request a callback

Apex Insurance Brokers Limited is authorised and regulated by the Financial Conduct Authority. Registered in England and Wales, company number 07014570. This page is general information, not advice on your individual circumstances, and it does not guarantee that cover will be available, on what terms, or at a lower price.