The AIG Building

Insurance Brokers Professional Liability

Overview: For insurance brokers; Primary and excess cover for civil liability, dishonesty of employees including directors and partners, loss of documents, damages awarded by Ombudsman and compensation for court attendance.

Who is it for?: Insurance brokers.

We will consider all non-Lloyds brokers from the high street broker to independent regional brokers. We have developed a product which is meets the requirements of the Financial Services Authority. Our target market is those brokers with a bias towards personal lines and small commercial placements. However, our appetite is not restricted to those brokers and we will consider all brokers providing that they have a minimal exposure to IFA activities and reinsurance, and can demonstrate a positive approach to risk management.

  • Claims Made
  • Any One Claim
  • Civil Liability
  • Fraud and Dishonesty - Fidelity
  • Damages awarded by Ombudsman
  • Worldwide Territorial Limits
  • Defence Costs in addition to Policy Limit
  • Retention not applicable to Defence Costs
 
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  • Compensation for Court Attendance
  • Lost Documents
  • Appointed Representative
  • FSA Investigation Costs