New research has suggested that insurers are happy to provide premium discounts to companies that have business continuity plans in place.
The joint survey by the British Insurance Brokers’ Association (Biba) and the Cabinet Office found that 83.3% of insurers questioned would give a discount or improve terms to a business interruption...
Experts say that brokers taking on appointed representatives need to be aware of the "huge responsibility".
Businesses must have appropriate processes and supervision in place wherever the AR distribution method is used.
Biba boss highlights that with an appointed rep a firm “is lending its regulatory permission to someone else and with that lending its name”.
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