New run-off scheme launched
Tenet has released a new run-off cover scheme which it claims will plug a hole in the professional indemnity insurance market.
Tenet said that active advisers are covered by the company’s block policy scheme, but cover ceases when they leave, retire or sell a business. It added that the same level of protection is now being made available for ex-Tenet appointed representatives, who currently find themselves exposed to retrospective claims, with no longstop.
“Offering former advisers the opportunity to take advantage of comprehensive run-off cover has been a Tenet priority for a number of years,” explained distribution
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