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Professional indemnity insurance - withdrawal of CIPD provider and alternative?

Anne

Has anyone else received an email from Bennett Christmas (who took over the CIPD provider Weald Insurance) saying their PI insurance will not be renewed after 1st October?

The CIPD website says work to find another provider is underway but gives no timeframe. Given that the 1st is only 5 weeks away, it is going to leave a lot of independents in a vulnerable situation. It is one of the reasons many independents stay with the CIPD.

I deliberately moved from Towergate to Weald as it was the recommended provider and much more tailored cover. But now?

Can anyone recommend a provider they use, as many will need to switch soon.

Parents
  • I moved to Hiscox in July. When BC sent me the initial email, I thought it was a scam.

    In 2023, I am not willing to complete a 6 page Word document (not even using modern file format) and a website with no ability to login, did not give me any confidence.

    The email yesterday said my insurance was due between Oct 23 and Sept 24. I was reassured moving elsewhere was the right decision as my insurance renewal was in July.
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  • I moved to Hiscox in July. When BC sent me the initial email, I thought it was a scam.

    In 2023, I am not willing to complete a 6 page Word document (not even using modern file format) and a website with no ability to login, did not give me any confidence.

    The email yesterday said my insurance was due between Oct 23 and Sept 24. I was reassured moving elsewhere was the right decision as my insurance renewal was in July.
Children