What is a material fact or material information?

A material fact is anything that may influence the judgement of a prudent insurance underwriter in deciding whether to accept a risk and if so at what premium and terms.

Using the insurance principle of ‘utmost good faith’ you should disclose all the material facts about your risk which you know or should know.

Please read our free guidance note 'Your Duty of Disclosure'.

We hope this answers your question. For more information please call us on 0345 251 4000 or email support@professionalindemnity.co.uk.