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Regulatory Status
FCA Firm Reference Number: 802038
Indemnity and getindemnity.co.uk are the trading names of Insurance Direct Group Solutions Limited, authorised and regulated by the Financial Conduct Authority (FCA).
Status - FCA Authorised Since 24/08/2018
What This Firm Can Do
- Gather information, help you with your application and introduce you to other providers who may advise on, arrange or enter into a non-investment insurance contract for you.
- Carry out activities on your behalf after you've taken out insurance. For example, completing claims forms for you.
- Arrange non-investment insurance contracts, for example, by negotiating terms and submitting your application to insurers.
- Enter into or underwrite non-investment insurance contracts on behalf of an insurer, or buy an insurance contract on your behalf.
Client Money Authorisation
Our financial arrangements with insurers will generally operate on a ‘risk transfer’ basis. This means we act as agents of the insurer in collecting premiums and handling refunds. In these circumstances, money is deemed to be held by the insurer(s) arranging your policy. However, if ‘risk transfer’ does not apply, we will hold your money in a statutory trust account. The establishment and operation of the non-statutory trust account follow the rules of the FCA to protect money held.
For the purpose of some transactions, money may pass through other authorised intermediaries before being paid to the insurer. Client money will cease to be client money when paid to the insurer, or a third party with 'risk transfer' from the insurer, or when paid to the client in respect of refunds or claims.
Financial Services Compensation Scheme
We are covered by the Financial Services Compensation Scheme (FSCS). You may be entitled to compensation from the scheme if we cannot meet our obligations. This depends on the type of business and the circumstances of the claim. Further information about compensation scheme arrangements is available from the FSCS on 0800 678 1100 or www.fscs.org.uk.