A test of initiative
This month, Michelle Worvell asks the panel if Biba's professional indemnity initiative has succeeded and whether brokers should be allowed to arrange their own PI cover
What are the aims of the British Insurance Brokers' Association's (Biba) professional indemnity (PI) initiative and what has it achieved since it was set up?
Graeme: Four years ago, Biba's general insurance brokers committee had concerns about the PI protection available to the industry. We were the industry insurance professionals and yet our cover didn't compare favourably to that of other professions, and so we set down six key objectives to start with. They were to improve the optimum
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