Professional & Financial Services Insurance Broker

Professional firms are exposed to increasingly complex regulatory, operational and systemic risks

Compare insurance for professionals

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At get indemnity we have the market experience and knowledge to identify a range of insurance solutions.
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Our digital on-boarding service is now available to professional & financial service firms with a turnover of less than £100m.
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As a specialist financial services insurance broker, we can access the wholesale market to negotiate bespoke insurance.

Professional & financial insurance includes a variety of covers designed specifically for firms that offer professional and financial services

Maintaining adequate professional & financial services insurance will form an important part of your firms overall risk management strategy. At get indemnity we can identify a variety of insurance solutions to transfer risk and protect your balance sheet.

Professional & Financial Services Insurance

  1. What is professional & financial insurance?
  2. How to manage risks across your business?
  3. Professional & financial services insurance guide
  4. Commercial insurance considerations
  5. Compare professional & financial insurance online


What is professional & financial insurance?

Professional & financial insurance includes a range of covers designed to meet the needs of a wide variety of businesses offering professional or financial services. Tailored insurance can offer comprehensive protection from a broad range of threats.

Financial services insurance definition

Professional indemnity insurance is typically the most important cover purchased, offering protection against the failure to exercise reasonable skill and care in the provision of professional or advisory services.

However, technology continues to be the most significant driver of change within the professional and financial sectors. Ensuring adequate protection from emerging risks is increasingly important with cyber insurance and crime insurance.

Insurance for financial services is a specialist area for brokers, who require a depth of knowledge and relationships within the market to identify the best solutions available.

At get indemnity, we can access the wholesale market to identify insurers who have the capacity and appetite to underwrite a range of financial services.


How to manage risks across your business?

Business insurance should form part of your overall risk management strategy to reduce the impact of an unforseen events to a level that falls within your risk tolerance level.

At get indemnity we are proud to be experts in professional and financial services insurance and can assist you with identifying the most appropriate cover.

Either complete our online application to obtain your quotes from the wholesale market or contact us and we can discuss the options available to you.

We can accommodate a wide range of professional and financial services firms with the capacity to negotiate tailored insurance solutions for the most complex of needs.


Professional & financial services insurance guide

The following guide identifies typical professional & financial services insurance, however additional covers are available that can meet more specialised requirements.

At get indemnity we maintain the knowledge and expertise to offer a wide range of solutions for any transferable risks.

 
What would happen if… Financial Insurance: What the coverage does:

A client is dissatisfied and seeks compensation for services rendered.

> Professional Indemnity 

Protects the firm against legal costs incurred in defending the allegation; and damages from any award or settlement.

An investigation is brought by the regulator into a director’s conduct.

> D&O Insurance

> Management Liability

Protects the directors against legal costs incurred in defending the allegation; and damages from any award or settlement.

An allegation of breach of contract is made against your firm.

> Corporate Legal

> Management Liability

Protects the firm against legal costs incurred in defending the allegation.

You discover fraudulent activity, with your finance director stealing hundreds of thousands of pounds.

> Crime Insurance

> Mangement Liability

Protects the firm against financial loss from the theft of property, money or securities by an employee.

An allegation of unfair dismissal and workplace harassment is made against your firm.

> Employment Practices

> Mangement Liability

Protects the firm against legal costs incurred in defending the allegation; and damages from any award or settlement.
A fraudster pretending to be a counterparty reports their bank details have changed and payment is sent to the wrong account.

> Social Engineering

> Crime Insurance

Protects the firm against financial loss from the theft of property, money or securities as a result of social engineering.

Personal information is stolen in a data breach and there is a threat of extortion to recover the data.

> Cyber Insurance

Protects the firm against financial loss arising from security and privacy breaches. Can include first and third-party losses.

A client visiting your office seeks compensation for a serious injury after a fall down the stairs.

> Public Liability

Protects the firm against legal costs incurred in defending the allegation; and damages from any award or settlement.

An employee is seriously injured after slipping on a wet floor at your offices and seeks financial compensation.

> Employers Liability

Protects the firm against legal costs incurred in defending the allegation; and damages from any award or settlement.

Your offices and equipment were damaged as a result of an insurable event. (i.e. fire, flood or storm).

> Property Damage

Protects your firm’s buildings and contents (including computer equipment) against loss or damage from a range of insured perils.

Your firm was unable to trade as a result of an insured event (i.e. fire, flood or storm).

> Business Interruption

Protects against the loss of income from being unable to trade as a result of the insured peril (i.e. property damage from a fire, flood or storm).
An employee becomes sick and is unable to attend work.

> Health Insurance

Protects the health of your employees if the unexpected occurs. Mixed levels of cover available according to budget and business requirements.
A group of retirees bring an action against your firm and its trustees for a breach of fiduciary duty.

> Pension Trustee Liability 

Protects your firm, pension plan and trustees against exposures resulting from the management of the pension plan.
 

Commercial insurance considerations

Professional & financial services firms are faced with varied and complex risks often dependent upon the nature of the services offered.

Each professional & financial service firm will be required to purchased adequate insurance to protect themselves and their clients. Minimum limits and conditions required are typically set by the industry regulator or governing body.

If you are unsure which covers and limits of liability are right for your firm, please contact us and we can discuss your requirements.


Compare professional & financial insurance online

Our customers can achieve cost savings on their financial services insurance renewal by comparing their existing cover against quotes from the wholesale market.

Our online application provides a simple and effective platform to present your risk information to a number of financial services insurance underwriters. Your no-obligation quotes can typically be offered within 48 hours, offering choice and informed decision making.

As a specialist insurance broker we can identify a wide range of options to protect your firm from unexpected events.

 

Compare professional and financial insurance


This guide is for information purposes and based on sources which we believe are reliable, the general risk management and insurance information is not intended to be taken as advice with respect to any individual circumstance and cannot be relied upon as such.