Wow.
Our insurance broker called rather than emailing me. Our Professional Indemnity has gone up fivefold, simply because we are an MSP. Extra forms asking about our security and processes were required. Self-hosted backups had to move to a DC (coincidentally this was a project in progress anyway). This is a renewal with the current underwriter. Our broker asked two more underwriters for quotes, but I understand they declined as they are not taking on new MSPs in the current environment.
Our total business insurance claim history in the last 10 years: A wing mirror on my wagon after someone clipped it.
How have your renewals looked, if you have had them in the last couple of months?
I've just agreed to the renewal this year, but will look closely in 10 months time and approach another brokerage who use diferent underwriters for an independant quote. Have you anyone you would recommend?
Cheers
Mike


