A senior underwriter has revealed how advisers can work with profession indemnity (PI) insurers in order to obtain a better deal on their PI cover.
Sharing a two-man panel with Personal Finance Society chief executive Keith Richards at Professional Adviser's flagship conference PA360 last week, Liberty Speciality senior underwriter Paul Freeman said key components for low PI premiums included allowing insurers plenty of time to complete the process and properly filling out forms in theh first place. Freeman explained there were so few insurers operating in the adviser market that advisers were "bottlenecking" into the underwriters insuring them. He therefore called on advisers to start the application process early because "PI firms...
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