Claims Management PI Insurance

Professional Indemnity Insurance is vital for any Financial Services professional but in particular Claims Management Companies who need cover to fulfil their regulatory/trade association requirements and other contractual responsibilities as well as to protect their business from an increasing and potentially crippling numbers of claims.

CMC’s conducting accident/injury claims now need PI cover.  Our levels of cover are flexible enough to meet your income, risk and regulatory requirements and are available from the minimum £250,000 any one claim limited to £500,000 in the aggregate, which is in line with the current regulatory rules.  You can of course request higher levels of cover by calling us but there may be additional queries raised with you in respect of this.

However as Insurer cover holders we are looking to work with compliant low risk firms with a good standing in the market, who are free from past complaints and which will be reflected in the quality of cover and the premium levels offered.

In all we understand the needs of the business professional and the necessity to work with Insurers who have the desire to work in the financial markets, which as we know has been the subject of bad publicity over the last decade.

We won’t provide instant on-line quotes for this class of business but you can submit your application online so we can send you a quotation as soon the case has been underwritten by our PI team.  Alternatively you can download an application form and submit to us by fax, post or email to obtain a quotation.

Cover Details »

Claims Managnent PI Insurance includes:

  • Cover for claims arising from errors, omissions or professional services carried out by you.
  • Cover for awards made by the Claims Management Regulator.
  • Libel, Slander, Defamation
  • Breach of data protection
  • Loss of clients documents
  • Court attendance costs – if you have to attend any court hearings in connection with a claim
  • Employee dishonesty – loss of money or property (other than that of employees) as a result of an employee’s dishonesty.
  • Cover for costs incurred for representation at tribunals and hearings.

If you are purchasing any Insurance on-line, you should make a determined effort to carefully read the documentation sent to you.  Professional Indemnity policy wordings can differ widely and you should always refer to your policy schedule, take note of any significant exclusions in the summary of cover and read the policy wording in detail to establish that cover is suitable for your business needs but just as importantly that your business can also meet the policy terms and conditions.