How to… plan for broker PI cover

umbrella-anvils

For most professions the idea of applying their trade to their own set of circumstances is anathema. The vast majority of general insurance brokers purchasing PI ask not “what is my exposure to claims”, but “what is the FSA minimum requirement for this cover”. If expressed by a client, this is a sentiment that any insurance broker would go to great pains to explain as folly.

As at June 2011, the current FSA minimum requirement for UK general insurance brokers buying PI cover is €1,120,200 (£987,

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