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It doesn't add up

Russell Conway's heart stopped beating when he received a nice letter from his broker, and then he went into overdrive

25 July 2011

I received a letter from my professional indemnity insurance broker. This is always something of a heart-stopping moment. Are they going to be looking for some ridiculously large premium which conjures up visions of countless further proposal forms that will have to be completed to get competitive quotes from others, or will we have to engage in that Persian carpet type haggle which will eventually lead to a slashing of the premium?

This, however, was a nice letter. It started off by congratulating me on my accreditation to the Law Society conveyancing scheme. It said as a result my premium will be radically reduced. The letter went on to note that I have had no claims or notification of claims in the previous year and that will also be taken into account, and it recognised that as I am now applying for ...

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