Securing competitive price and coverage on your Professional Indemnity (‘PI’) Insurance is easier than many are led to believe. The key to insurance is disclosure and governance. In this article we outline the basic tips needed to optimise your insurance and the traps to watch out for in your … [Read more...] about PI Insurance Tips and Traps for IFA’s
Let’s start at the beginning. The purpose behind the insurance is to protect the consumer from an error in the delivery of the professional service. So, what happens if the advice is delivered by an algorithm? Insurers will always ask three key questions. What can go wrong? Who is responsible? … [Read more...] about Insurance for Robo Advice
It’s understandable to assume that all restrictions/limitations to your policy coverage are outlined and defined by the policy exclusions. However this is not the case. In fact, many restrictions to your policy coverage are contained in policy definitions (i.e. where key words are defined) and in … [Read more...] about Are all policy restrictions contained in the Exclusions?