If we are able to, we will provide an NBI which will include:
premium quotes for each financial limit of liability requested
We charge a single, up-front premium which is payable once we have gone on risk. Our minimum premium can be as low as £85,000 (or equivalent).
If you also require W&I insurance, we may be able to offer a discount on the W&I premium if we are appointed to underwrite both tax and W&I.
details of our fixed external costs
If appointed to underwrite, we would engage external counsel to assist us with our review. Our external expenses vary according to the complexity/size of the risk and the scope of work required. Typically, our external expenses are £10,000 – £30,000 (or equivalent).
See Appointment below.
our proposed exclusions
Please see our standard exclusions on this page.
key documents that we would require for underwriting
This allows the policyholder to check whether all the necessary information is available.
any key assumptions we have made for the purposes of offering terms
To reduce the number of assumptions and offer the most certainty, it is helpful to provide a fulsome opinion/memo.
a proposed timeline and process for putting the insurance in place
If we are unable to offer terms, we will give an explanation for our declinature. Please see our Risk Appetite for details of the restrictions on what we can offer.