This means that people working as financial advisors and people in other advisory jobs are at risk of being unprotected should a claim against them arise. This is because there are very few minimum terms and conditions applied to advisor’s PI policies.

It’s important that, no matter what advisory proffession you work in, you have the appropriate PI insurance policy to protect yourself and your company should a claim arise against you.

It’s a brand new policy developed with Zurich, whose head of professional & financial lines, Stuart Quinlan, said Zurich are excited to be partnering with Howden having been impressed by their forward thinking and innovative approach.

The Howden BIBA PI policy is a full civil liability policy including additional features such as special proceedings cover, provision for defence costs and expenses for investigation of an “approved person”, cover for appointed representatives, binding authorities and an automatic 12 month run-off.

Link: http://www.howdeninsurancebrokers.co.uk/

Jon Morgan, Novae Insurance, says “IT professional are becoming more aware of the risks they face daily and the potential for large losses as a result of litigation.” Hence, they’ve launched a new PI product specifically for the sector.

It includes wording for breach of contract to design or supply deliverables, consequential loss, libel, slander, employee dishonesty or unintentional infringement of intellectual property rights.

[qnlinks]pi:Professional Indemnity Insurance[/qnlinks]