Insurance Brokers Insurance
We have many years’ experience which helps us to understand the insurance requirements of Insurance Brokers.
We offer comprehensive policies to cover insurance brokers. It is fair to say that not all insurance brokers are specialists in professional indemnity insurance (PI) and it is the general consensus that a broker, regardless of their expertise in the class, should not undertake the placement of their own PI cover directly.
Insurance brokers vary dramatically in size and services, from small sole practitioners through to multinational publicly quoted Lloyd’s brokers and the needs and requirements of each differ greatly too based on their size and the type of work they do.
Lloyd’s is proposing to transfer certain EEA insurance policies to Lloyd’s Brussels. The proposed transfer will not change terms and conditions of any policy, except that Lloyd’s Brussels will become the insurer and Data Controller in respect of the transferred policies.
Further information about the proposal (including whether it could affect your pre-transfer position), which policies are transferring, your rights and what you need to do can be found at www.lloyds.com/brexittransfer