Latest News Howden appointed to BIBA Panel

22nd June 2011

Howden Insurance Brokers Limited – BIBA professional Indemnity Facility

Howden, winner of the British Insurance Awards ‘Insurance Broker of the Year 2011’, have created a bespoke product specifically for Insurance Brokers.  Backed by Zurich our scheme caters for a broad range of firms from start-ups to large Lloyds brokers. 

The Howden Product:

  • Innocent non disclosure;
  • Special proceedings cover for regulatory investigations;
  • Defence costs cover for actions brought against Approved Persons;
  • Fidelity and Dishonesty cover;
  • Automatic Acquisition Cover;
  • A reduction in the excess by 50% for claims settled by mediation;
  • 15 months cover for the price of 12 for start-ups;
  • Low minimum premiums for smaller firms;
  • Free of charge legal advice from Legal Assistance Direct on a range of matters from employment law to divorce and probate.   

As well as having the right policy in place we aim to offer exceptional service levels, especially in the event that your firm is the subject of a claim. 

We are one of a declining number of Insurance Brokers to maintain an in house Claims team, which is based in our London office alongside your BIBA client service team.  Their role is to act on clients’ behalves to ensure that matters are settled in an efficient, commercial and financially viable manner.   We view our claims service as adding significant value and we work very closely with our clients to establish how best to present claims to insurers in order to ensure maximum cover is received from the policy.  The team, of twelve, is lead by Mike Fraser who has 19 years’ experience and Mike is supported by a team of three Associate Directors who have combined claims handling experience of over 75 years.   

What our clients say

“It made a refreshing change to deal with a firm that took time to explain the products on offer and who ensure that the cover suits our particular needs.  Since we have been dealing with Howden, I have been impressed with the speed of their service and the professional manner with which they have dealt with our enquiries”

Nick Hollands, Finance Director Coversure Insurance Services

“Howden has been our broker since we commenced trading in 2003.  They continue to be our broker of choice because of the consistency and reliability of their customer service, including, but not limited to, their timely reminders at renewal, their prompt policy production and competitive product (both in rate and terms).  They are also timely and prompt in responding to any mid-year changes that we may require and at all times are a genuine pleasure to deal with.”

Sian Watson, Legal & Compliance Director, SSL Insurance Holdings

Click here for BIBA Professional Indemnity Initiative Volume 5 – An Essential Guide to PI risk for general insurance staff

Click here for Howden document 

Click here for proprosal form for insurance intermediaries
 

Contact:         Mike Eld or Matt Baker
Email:            meld@howdengroup.com or mbaker@howdengroup.com
Tel:                 020 7648 7195 or  020 7648 7390
Address:       Bevis Marks House, Bevis Marks, London, EC3A 7JB
Website:        www.howdengroup.com/biba

 

Click here to print this page