The financial conduct authority stipulate IFA’s must carry PII however IFA’s are classed by many professional indemnity insurers as high risk due to having experienced large claims over the last decade. Consequently, a number of insurers have pulled out of the market or have greatly reduced coverage. The proposal forms are lengthy and be time-consuming to complete and insurers will often require their own specific proposal forms and questionnaires to be completed to receive their quotation.
Brunel Professions are available to provide the necessary guidance and assistance in presenting the business to insurers in the best possible light. Brunel Professions have the experience and know-how to ensure that the policy cover is adequate and (with an in-house claims team) ensure complex claim notifications are handled effectively.