threesixty Secures PII Deal
threesixty, the fee-based IFA support services provider, is encouraging IFAs to review the quality of their Professional Indemnity Insurance (PII). It has negotiated an automatic discount of £100 on the premium for its members with NCG Professional Risks, the UK’s leading IFA PII specialist.
David Brattesani, partner at threesixty, said: “In an increasingly litigious society, one of the most significant decisions an IFA should be making in 2006 relates to the purchase of adequate Professional Indemnity Insurance. By assisting our IFA clients to establish and maintain robust system and controls, we have
demonstrated to insurers that our clients pose a good risk. And by working with the insurers to establish a consistent approach to renewals we have been able to negotiate even better value policies for our clients.”
In addition to the significant cost savings, other benefits of using the NCG Preferred Facility
include:
- Price Match Guarantee - NCG will match any like for like quotation presented by a suitably rated insurer, on a bona fide basis.
- Streamlined Renewal Process - when threesixty clients come to renew their policy under the preferred facility, they will no longer be required to complete the
usual lengthy proposal form that other providers insist upon.
- Competitive Premium Rates and Excess - the preferred facility has achieved savings of up to 50% on renewal terms over the course of the last six months, whilst at the same time reducing excess levels.
- Excesses that truly reflect the nature of your business - the preferred facility offers excess levels, starting at £1,000, which can be easily adapted to meet IFAs’
objectives with regard to premium and own fund requirements.
- Production of all insurance documents - including Cover & Debit Note, Premium Funding Form (if required) and the signed Policy Wording within the 5 working days of accepting terms.