Commercial Finance Brokers professional indemnity
insurance
For many professionals, the prospect of a complaint or
allegation of negligence is one of the most stressful professional
situations and can be quite daunting. Having professional indemnity
protection in place often eases this anxiety as well as providing
reassurance to clients.
Through our team of experienced underwriters, our policies
provide cover and advice for allegations or claims of professional
negligence. Awards will include costs and expenses incurred to help
alleviate the personal and financial stress of dealing with a claim
or serious allegations of neglect.
Key benefits of our Commercial Finance Intermediary PI
cover
- Flexibility to extend to regulated business including IFA
work
- Flexibility to extend to estate agents, letting agents and debt
management professionals
- Indemnity that you become legally liable to pay arising from
any allegations or claims made against you
- Court attendance costs: we may pay some or all of your
costs
- Defamation (libel and slander)
- Loss of documents
- Data Protection Act breach
- Unintentional breach of copyright
- If a complaint about you is referred to an Ombudsman we will
cover you for compensation you have to pay
- If you are a member of any Trade Association or directly
authorised by the FSA you can rest assured that you are buying
cover that meets their criteria
Policy excess
- From £1,000, depending on the policy and level of indemnity
agreed
Significant or unusual exclusions and limitations
- You will normally have to pay an initial contribution towards
each claim (the excess). These excesses may vary by your choice of
cover or our underwriters’ assessment of your business. Your
schedule of insurance and the policy terms and conditions will
detail the specific excesses applicable to your policy.
- We will only cover work that you have told us your business
conducts, and that we have agreed to insure.
- We will not pay claims arising from any circumstances which you
knew about or ought reasonably to have known about before the
policy started.
- We will not pay claims arising from your insolvency.
- We will not pay claims arising from Financial
Institutions.
- We will not pay claims prior to the retroactive date (if any)
shown on the schedule of insurance.
- We will not pay claims arising from work carried out in the USA
and Canada.
This list is not exhaustive and for further information on the
policy, specific to your profession, please see the policy terms
and conditions, or speak to a member of our PI team:
Documents
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