IFA's Professional Indemnity
Professional Indemnity cover is a compulsory requirement of The Financial Services Authority and must be maintained in order that the practice may trade. Historically IFA’s have had a tough time in the market and have been subject to volatility of premiums. We have however worked closely with insurers to establish relationships that we hope will guard against this in future. We have also negotiated a special scheme with a leading underwriter which can provide a 30% discount for qualifying practices.
A minimum Limit of Indemnity is imposed by the FSA, with excesses which can be varied according to your own capital adequacy requirements.
Minimum Limits of Indemnity are:-
€1,120,200 any one claim with €1,680,300 in the aggregate
Our IFA facility however generally provides cover far in excess of the minimum requirements, without additional cost to you.
Policy Coverage can include:
- Excesses from £2,500
- Unintentional Breach Of Confidentiality
- Delegated Claims Handling Authority
- Loss of Document Cover
- Libel & Slander
- Dishonesty Of Employees
To obtain your Quotation report and to enable us to review your risks, please click on the link and complete the PROPOSAL sending it to us by either post, fax or e-mail.