Professional liability insurance

The cost of insurance has risen dramatically over the last few years, and most companies are now shopping around for the best professional liability insurance deals. I know of companies that have recently stopped their more 'risk-prone' activities because they can't afford the insurance. Some companies will be forced to cease trading, lay workers off or even operate without insurance in extreme circumstances. Shopping around is always a good way to keep your costs down, especially where the temptation is just to keep the same service providers year after year - you have to be competitive in the current market, so getting the best deal makes good sense.