Run-off PI rates could delay sales.
Brokers who want to sell-up may be forced to delay because of the rocketing price of run-off profess...
Brokers who want to sell-up may be forced to delay because of therocketing price of run-off professional indemnity cover, according to PI
specialist Dickson Manchester.
Dickson Manchester is reporting run-off premium increases of more than
400% on renewal and some ex-brokers are even having their renewals
refused.
One such broker, who sold his business in 1998, is now facing becoming
uninsurable, with six new carriers refusing cover.
The problem is particularly acute for one-man brokers, according
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