As part of its efforts to improve existing offers and plans for members, IOCEA now offers a flexible plan designed especially for young, low-volume firms. The new plan offers reduced premium rates for applicants who meet the predetermined criteria, with the purpose of assisting them in purchasing appropriate insurance at low premium rates.
This initiative was designed to enable members without professional liability insurance to attain one. First time insurance purchasers will be given retroactive coverage of three years (at no cost), pending a no-claims declaration.