We understand the difficulties members may experience when renewing their PI policies, therefore we are continuing to work with Howden Insurance Brokers to provide our members with access to an exclusive professional indemnity insurance (PII) facility.
Howden has one of the UK’s most respected professional indemnity insurance broking teams representing customers from the IFA sector alone, with a combined annual premium income approaching £20m.
Overview & Benefits
Howden has pioneered a PI facility for financial advisers, which is underwritten by six Insurers, all of whom share a proportion of the risk, and is currently led by Aviva Insurance Ltd. All participating insurers have a minimum financial security rating of ‘A’ as provided by AM Best or equivalent. By spreading the risk with various Insurers, it removes reliance on a single insurer’s risk appetite and protects members from difficult situations when any one Insurer decides to withdraw.
Benefits of the exclusive PII Facility
- 17 month policy period option
Simple process – no need to complete lengthy proposal forms. Just send a copy of your most recent proposal form with your current policy wording by email or post for a quote. Alternatively and if you prefer, Howden can send you a proposal form for completion, which you can request by email or phone
- Multi-insurer panel led by AVIVA Insurance Ltd
Widest policy cover available in the current market (at time of writing)
Premium instalment facility available
- Excesses from £750 for mortgage advice and £1,500 for general insurance contracts
- Premium rate discounts available to firms purchasing additional Bankhall Compliance services
Same day cover available – upon receipt of acceptance form. Simply complete the acceptance form provided with the quotation and cover can be in place within hours
Extremely competitive rates
Contact & Enquiries
Office: 020 7133 1406
Email : [email protected]