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Great Value Professional Indemnity cover for Financial Advisors
Professional indemnity insurance for Financial Advisors is essential. Because you are offering clients your skills and knowledge, it is important that you do not leave yourself open to misconduct complaints.
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Special Features
Public Liability
Up to £10 million
Employer Liability
Up to £10 million
Professional Indemnity
Up To £2 million standard cover
Professional Indemnity Insurance for Financial Advisors
As a regulated financial adviser in the UK, under FSA rules your are required to have a set level of Professional indemnity insurance. The level of cover will be determined by the number of advisers in your firm and the types of financial business conducted. Having professional indemnity insurance for financial advisors means the insurance provider will meet the cost of defending any such claims and covering any payable damages. Professional indemnity insurance for financial advisors can help in the instance of:
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Error or omission
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Negligence
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Breach of confidentiality
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Malicious falsehood
It is compulsory to have professional indemnity insurance for financial advisors, but you can get the most competitive and suitable policy for you by comparing deals from different providers.