Graeme Trudgill, BIBA Head of Corporate Affairs, said:
“The award winning BIBA professional indemnity initiative and our panel of accredited brokers are hugely popular with the membership. It has been developed to give BIBA members access to the highest possible standards of cover and service.
"Lockton, Howden and Towergate have all proved that they share these standards and their policy wordings meet the strict BIBA requirements, so we are delighted to continue with such a strong panel.”
Each accredited broker is selected for their proven knowledge of professional indemnity insurance and the markets available. The brokers represent both London and regional interests and, between them, a wide range of insurers who represent a cross section of the market.
Graeme Trudgill added:
“Professional indemnity is a complex area and we stress to our members that arranging their PI should involve the guidance of a specialist PI broker.”
Neville Miles, Partner at Lockton Companies LLP, comments:
“It is a rare business relationship that successfully endures over 20 years as is the case with the BIBA members PI accreditation, which Lockton has now renewed.
"We are pleased that Lockton will continue to serve hundreds of UK intermediaries and our message to them is that we remain just as committed and focused now on providing expert insurance and risk management advice to the BIBA membership.”
Lance Rigby, Executive Director Howden Insurance Brokers Limited:
“We are delighted to continue to support BIBA's PI initiative as an accredited PI broker. The success of the scheme is testament to the work we do together to improve the benefits and cover available to BIBA members.
"We look forward to continuing to provide assistance and support to brokers across the UK, and to playing our part in the evolution of relevant PI solutions for BIBA members”.
Alan Eyre, Managing Director Towergate Professional Indemnity:
“Towergate are delighted to have renewed our accreditation as a BIBA specialist PI broker. The broking profession is faced with increasing exposures to claims and the need for specialist expertise to be employed in terms of policy coverage, management of risk and claims support is greater than ever.
"We look forward to continuing to work with BIBA, its members and the insurance broking profession generally in providing specialist expertise and advice in these areas.”
The BIBA PI Initiative offers members help with professional indemnity insurance related risk and claims management and enables members to:
1. Obtain optimum protection for its professional liability risks.
2. Fully appreciate the risks associated with being an insurance Broker.
3. Avoid breaches of regulation and claims of negligence.
4. Access specialist support in notifying, managing and negotiating complaints and claims.
5. Benefit from an effective approach to liability risk management.
All three BIBA accredited brokers will be exhibiting at the BIBA conference in Manchester.
