Manchester Underwriting Management’s products for insurance brokers’ professional indemnity are specifically designed to provide practical, real protection to brokers. This is a premium product where you know that we start the relationship intending to provide support in avoiding problems in the first place and then unbelievably good cover if things go wrong. It’s more than just insurance though. It’s a business support service too.

The whole package is hard to compare with the existing market. So, for once premium alone just can’t be the sole differentiator.

Key benefits to members

  • Loss of client cover – if your business makes a loss in its P&L because of your losing a client following the payment of a PI claim, MUM will indemnify you up to £100,000 for that loss (exclusive to BIBA members)
  • Longer term policies available
  • Interest free direct debits
  • Risk management training
  • Fidelity is automatically covered (exclusive to BIBA members)
  • Pandemic cover considered on new business and renewals
  • Dedicated pandemic helpline provided by Mills & Reeve LLP

Key benefits of our service

  • Legal support in respect of your clients’ problem claims from Mills & Reeve (before a claim against you arises)
  • No contracting out of the Insurance Act 2015
  • No ‘basis clause’, no warranties or conditions precedent
  • Broad protection against innocent non-disclosure
  • Late notification protection
  • Civil liability cover including defamation, dishonesty, loss of client money and joint ventures
  • Regulatory investigation costs
  • Automatic binding authority cover
  • In-house claims handling team, to provide advice and assistance on claims and circumstances

Opportunity for

A PI policy that provides you with a broad range of cover including pandemic, fidelity and loss of client cover, specifically developed with BIBA to provide an enhanced offering to their members. With an option for long-term policies and 0% monthly instalments.

Solution for

A claims avoidance service in the form of legal support from Mills & Reeve to help you resolve problems before they become a claim


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