Professional firms face mounting challenges in today’s environment
- Building PI XS Layer capacity is challenging, time-consuming and requires interaction with multiple insurers.
- Insurers often seek their own underwriting information and apply their own terms and conditions which makes building a consistent tower difficult.
- PI insurance should both protect and enable your business, combining an efficient and competitive process with unique client benefits.
At Willis, a WTW business, we understand the risks faced by professional firms and contractors. ProXS offers flexible excess Professional Indemnity coverage, ensuring your business is well-protected.
Fast, efficient and flexible, ProXS provides significant coverage limits, streamlined adjustments, extended policy periods and competitive pricing.
Why choose ProXS for your excess PI cover?
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01
Competitive panel pricing
ProXS leverages competing panels to optimise pricing and terms. This approach ensures you receive the best value excess coverage.
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02
Flexible coverage
ProXS offers up to CCY40m in excess coverage, tailored to fit the specific needs of your business. Whether you require additional protection for a specific project or ongoing operations, our facility ensures you have the coverage you need.
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03
Streamlined mid-term adjustments
ProXS makes it quick and easy to manage your coverage, including any changes in cover you require during the insurance period.
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04
Extended policy period
Enjoy the flexibility of an extended policy period of up to 18 months at a pre-agreed discounted premium. This ensures greater cost certainty and allows you to plan with confidence.
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05
Reinstatement options
Reinstatement option: In the event of paid claims, our limit of liability reinstatement feature, at pre-agreed additional premiums, ensures that your limit restores when the original limit is exhausted.
Unique features of ProXS
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Customised coverage
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Streamlined mid-term adjustments
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Extended policy periods
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Limit of liability reinstatements
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Panels competing on pricing
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Sharing and stacking of limits
This combination of features offers a straightforward and adaptable solution for firms requiring excess professional indemnity cover.
This comprehensive and convenient approach ensures that you have all the necessary protections in one facility, making it a standout choice for your firm.
Willis' role
Willis acts as a distributor, recommending insurer products suited to your needs. Willis does not manufacture insurance products and cannot guarantee acceptance of specific terms or wordings by insurers. Claims responsibility lies solely with the insurer.
Contact us
To learn more about how ProXS can benefit your firm, please contact our dedicated team. We are here to advise you on appropriate products to suit your needs and ensure your firm is appropriately protected.
At Willis, we are committed to providing you with the best insurance solutions to support your business growth and success. Choose ProXS for a comprehensive and flexible excess PI insurance coverage solution.
*CCY = USD/GBP/EUR in the aggregate or currency equivalent.
