PYV teams up with Hiscox to provide liability cover for Independent Financial Advisers and mortgage brokers

27/08/2008

Specialist professional insurances broker PYV has teamed up with international, specialist insurer Hiscox to make their Management Liability Portfolio available to Independent Financial Advisers (IFAs) and mortgage intermediaries for the first time.

Available to IFAs and mortgage brokers who are set up as limited companies, the Management Liability Portfolio includes cover for three main areas:

1) Corporate Legal Liability - which covers the legal costs to defend Approved Persons and their firms from FSA investigation

2) Employment Practices Liability - protecting clients against claims from employees, and

3) Directors' and Officers' Liability - protecting the personal assets of Directors of Limited companies.

Neil Pointon, Chief Executive of PYV, said: "I am sure that this product will be well received by the IFA and mortgage broking community. I believe that many will have thought about obtaining the individual covers on offer before, but not proceeded in the past due to fear of high costs and complex forms. Now we can provide all of these covers under one policy by the completion of a simple, short, pre-priced form at very competitive premiums, it makes it a very easy decision to take."

Gary Head, Director of Business Insurance for Hiscox UK, added: "We are pleased to be involved in this partnership with PYV, which combines their experience of working in these sectors with our ability to provide flexible underwriting that responds directly to the customers' needs."

For further information on this exciting new product please visit this link http://www.pyv.co.uk/management-liability-portfolio-insurance-anim.htm or call Neil Pointon or Tom Davis on 020 7626 6789. PYV is best known as the market leader for providing Professional Indemnity (PI) insurance to the IFA and mortgage broking community.

(c) 2008 Adfero Ltd.

Click here to go back to archive list