Professional Indemnity Insurance for Financial Advisors
As a regulated financial adviser in the UK, under FSA rules your are required to have a set level of Professional indemnity insurance. The level of cover will be determined by the number of advisers in your firm and the types of financial business conducted. Having professional indemnity insurance for financial advisors means the insurance provider will meet the cost of defending any such claims and covering any payable damages. Professional indemnity insurance for financial advisors can help in the instance of:
Error or omission
Breach of confidentiality
It is compulsory to have professional indemnity insurance for financial advisors, but you can get the most competitive and suitable policy for you by comparing deals from the different providers below.