PI Insurance Flashcards
1
Q
What is the minimum period of run off covers required?
A
6 years
2
Q
What is the minimum PI Cover?
A
£100,000 or less - £250,000
£100,001 to £200,000 - £500,000
£200,001 and above - £1,000,000
3
Q
A
4
Q
What is the maximum level of uninsured excess required by RICS?
A
Up to £10m turnover - the greater of 2.5% of the sum insured or £10000
Over £10m - no set limit
