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Why PI insurance premiums are rising

Wednesday 5th of May 2021
Andrew Ford, head of financial and professional risks at Crombie Lockwood, said external global factors and the introduction of the FSLAA regime had caused the issue for brokers.
Advisers report professional indemnity costs of $1,000 to $1,500 under a group FAP, and as high as $4,500 for those with their own FAP licence.
Ford said: "The whole professional indemnity la...
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