Debt Management PI Insurance

Professional Indemnity Insurance is vital for any Financial Services professional but in particular Debt Management firms who need cover to fulfil their trade association membership requirements or other contractual responsibilities as well as to protect their business from increasing numbers of claims.

Our levels of cover are flexible enough to meet your income and risk requirements and are available from £100,000 up to £2 million limit of indemnity. You can of course request higher levels of cover by calling us but there will be additional queries raised with you in respect of this.

However as Insurer cover holders we are looking to work with compliant low risk Intermediaries with a good standing in the market, who are free from 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 »

Debt Management PI Insurance includes:

  • Cover for claims arising from errors, omissions or professional services carried out by you.
  • Cover for awards made by the Financial Ombudsman Services.
  • 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.