You can cancel your policy at any time. But remember your policy is relevant at the time of the claim against you, not when the work was done. Because we can’t predict when or if these claims will happen it’s a good idea to always have cover.
If you wish to cancel, please send this in writing by emailing email@example.com. Please include your policy number, the date you’d like the cancellation to take place, the reason for cancellation and your bank details for the EFT refund, if applicable.
When you submit your written cancellation notice the commission and fees paid to BizCover are not refunded to you. The insurers will retain the proportion of the premium calculated pro rata as of the cancellation date as well as a percentage of that amount. There may be other cancellation provisions, depending on the insurer.