Professional Indemnity Insurance: Managing the Risk

• As specialists in the Professional Indemnity market, Financenet offers consultancy in the support of the review process for PI risks. With this assistance, the review data and supporting details can be presented in a manner which is attractive to the underwriter.
• IFAs, Asset and Money Managers (those offering financial advice) often require advice in relation to indemnity limits and capital adequacy.
• Architects & Consulting Engineers and similar occupations have their own requirements in relation to indemnity levels, and the application of collateral warranties. This demands ongoing expert advice throughout the policy term.
• Claims Handling: Advice and access to a highly experienced in-house claims management team.
• Time scales: In any review, the timescale is often critical. Best advice is to start the PI Review some 3 months before renewal, thereby avoiding the all so familiar 'cliff hanger'.

Ron Kennedy is a Client Executive and Management Consultant for Prime Professions Limited the specialist PI brokers based in London at 52 Lime Street London EC3M 7BS 

Prime Professions Limited is an appointed representative of Primary Group Intermediary Services Limited, One America Square 17 Crosswall London EC3N 2LB, which is authorised and regulated by the Financial Services Authority (Registration Number: 308334)