Run Off Cover Insurance
Protect your business after you've stopped trading with Run Off Cover Insurance
Run Off Cover Insurance
Protect your business after you've stopped trading with Run Off Cover Insurance
What is Run Off Cover Insurance?
Run-off cover insurance is a form of insurance that protects you even after you’ve finished practicing, shut down your business, retired, sold your company, or moved into a new career.
It provides ongoing protection for any future claims that arise from work you completed in the past because the risk still exists even if you’ve stopped working.
What does Run Off Insurance cover?
If you’ve previously held professional indemnity insurance, or public liability insurance on a claims made basis, run-off cover ensures you remain protected from claims that may arise after you retire or close your business.
If you’ve previously held professional indemnity insurance, or public liability insurance on a claims made basis, run-off cover ensures you remain protected from claims that may arise after you retire or close your business.
Professional Indemnity Insurance Run Off:
Public Liability Insurance Run Off:
What is typically not covered under Professional Indemnity Run Off policies?
Personal Injury claims that result from the advice you’ve given
Intentional Acts including defamation, slander, libel
Claims made if you don’t have an active policy in place;
Prior Known Circumstances
Industry specific exclusions that the insurer have applied
Undisclosed Activities
Work done before your retroactive date
Activities done outside of your insured jurisdiction
What is typically not covered under Public Liability Insurance Run off?
Deliberate acts
Product recall costs
Injuries to your employees
Professional advice
Aircraft products
Asbestos Liability
Pollution Liability
Contractual Liability
How Morgan Insurance Brokers can help with your Run Off Cover
Morgan Insurance Brokers can help you secure comprehensive Run-Off cover, ensuring ongoing protection after you retire, cease trading, or sell your business. We compare leading insurers, negotiate competitive premiums, and tailor the policy to your specific profession and past activities, giving you long term peace of mind and compliance.
