Financial Advisers deserve fairness and value for money too.
How does this sound when buying your professional indemnity insurance:
No-strings-attached quotes, no need to sign yourself over to a new broker just so you can get a price, complete clarity and transparency around policy wording and fees, and premiums that will be around 10%-15% lower than the low rates we negotiated last year?(You don’t hear that often in insurance; “we are going to have lower rates again this year”, right?) But that’s one of the ongoing objectives of the Quadrant PI insurance scheme; making sure pricing fairly reflects risk and claims experience.
Quadrant PI Ltd is the brainchild of a small group of advisers who saw their annual PI premiums skyrocket in price about 3 years ago, for no apparent logical reason. Their risk profiles hadn’t changed for the worse, and there had been no adverse claims against them but their premiums had suddenly tripled. If anything their new FAP’s were arguably better run and had more safety systems and presented less risk to insurers of claims.
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