Benefits to A Non Practising Policy

[Mossycat]

A friend of mine is a chiropodist (podiatrist) and is thinking of a change of career. It has been suggested that she takes out a non practising insurance policy.

 

This isn't my area of expertise so I'll ask the question here....

 

Is there any benefit to her in having this type of policy, to my mind once she gives up treating patients she no longer needs liability insurance, and if a claim were to materialise from a former patient for something she did whilst she was in business then it would be dealt with by her insurers at that time.

 

Anyone?

 

Mossy

[INSURANCEGUY]

Hi Mossy,

 

Although not my area; I would tend to agree with your thoughts, the insurer from the time of 'negligence' if it were to arise would be liable, and as liability certificates have to be retained I can see no benefit in doing so...

 

although-

 

I have had a dig on google, and everything seems to be Americanised (compo culture etc) however they refer to a non practising extension, which allows you to report an incident after the end of a liability policy, as though all incidents must be reported before policy expiry?

 

sorry I cant help further.

[Mossycat]

Hi Mossy,

 

Although not my area; I would tend to agree with your thoughts, the insurer from the time of 'negligence' if it were to arise would be liable, and as liability certificates have to be retained I can see no benefit in doing so...

 

although-

 

I have had a dig on google, and everything seems to be Americanised (compo culture etc) however they refer to a non practising extension, which allows you to report an incident after the end of a liability policy, as though all incidents must be reported before policy expiry?

 

sorry I cant help further.

 

Hi IG

 

Thanks for taking the trouble, I also Googled it and like you came up with lots of American references.

 

My way of thinking is still that the Insurer at the time the policy was in force would deal with a claim, even if it is reported after the policy expiry, because they were the insurer concerned at the time.

 

Cheers

 

Mossy