Brokers Professional Indemnity – MUM

MUM’s BIBA-accredited product allows members the flexibility of a direct access non-advised quote from Manchester Underwriting Management. MUM, partnered with CGPAEurope (a specialty insurer of insurance intermediaries for more than 85 years), have designed a policy with practical, real protection to brokers including comprehensive support to avoid potential PI claims.

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 £25,000 for that loss (exclusive to BIBA members)
– Fidelity automatically covered (exclusive to BIBA members)

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

Provider

Contact – MUM
Richard Webb

Address
Manchester Underwriting
Management Link House
St. Mary’s Way
Chesham
HP5 1HR

Telephone
01494 770 700

Email
[email protected]

Website
www.manchesterunderwriting.com