Professional indemnity insurance for Insurance Brokers and Independent Financial Advisors

IFA
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At the centre of your insurance programme is professional indemnity insurance (PII). This covers legal costs and expenses, as well as any damages or costs if you have, or are alleged to have, caused a client loss as a result of your advice or services, errors or omissions.

While professional indemnity has become a mainstream commercial insurance product, we maintain that insurance brokers and independent financial advisors require specialists in the sector. Lockton is ideally placed to provide sound guidance to face these unique challenges.

Our offering

Lockton is the world's largest privately owned global insurance broker, and by working with us you can capitalise on our wide ranging expertise, insurer relationships and market share.

For Insurance Brokers our professional indemnity policy wording is endorsed by the British Insurance Brokers Association (BIBA), ensuring that you will be receiving the highest standard of policy. As a Lloyds broker, we can also reach out to the wider market to provide cover for speciality risks as needed.


     

    Our services

    We'll arrange an insurance programme tailored to your needs and to the size of your business. We have the ability to create value-added solutions in unusual cases or exceptional circumstances.

    Our dedicated account executives concentrate solely on insurance brokers and independent financial advisors, and our dedicated claims team has a wealth of experience in dealing with exactly the type of claims you may face.

    With offices throughout the UK, we can provide bespoke, face-to-face advice to you and your business.

    Other services

    In addition to professional indemnity insurance, you can take advantage of Lockton’s wider product offerings appropriate to fully protect your business. 

    Products and services we can provide include:  

    • Cyber and data liability insurance
    • Management liability insurance (Directors’ and Officers’ liability insurance)
    • Employers liability insurance
    • Public liability insurance
    • Office insurance
    • Crime Insurance
    • Claims consultancy
    • Risk management consultancy

     

     

    Our clients work in most jurisdictions in the world and it is imperative that their insurance polices allow our clients to be competitive within these markets

    Stephen Davey, Partner, Global Professional & Financial Risks

    Our team

    Our experienced team help you manage and mitigate the risk attached to professional services businesses. We offer our clients a wide range of tailored professional indemnity insurance and risk management services.

     

    Key contacts

    Ian Saxelby
    ian.saxelby@uk.lockton.com

    Emma Poole
    emma.poole@uk.lockton.com

    lockton

    Broking done differently

    We're more than an insurance broker
    - we're independent specialist risk consultants

    • Find the right fit
      We will always ensure to understand your financial goals and position and use our know-how to create a strategy that fits your objectives.
    • Predict impacts on your business
      We combine detailed modelling and financial analytics to show you the effect of an insurance programme on your business and the risks you face.
    • Fight for you
      We are not afraid to challenge insurers to achieve the best result for you.
    • Stay up to date
      We keep up with developments in your industry, to make sure we understand your business.
    • Keep costs low
      We help risk financing come up with lowest cost or most suitable programme.
    • Global Expertise
      Lockton, Inc. is the world's largest privately held insurance brokerage firm.