The BIBA PI Initiative offers members help with Professional Indemnity Insurance related risk and claims management.
BIBA has accredited providers giving members access to PI cover which meets the specific requirements of insurance brokers. A team of PI experts has additionally been appointed to provide members with specialist services including risk management, claims mediation and legal assistance.
The BIBA PI Initiative will enable members to:
- Obtain optimum protection for its professional liability risks.
- Fully appreciate the risks associated with being an insurance Broker.
- Avoid breaches of regulation and claims of negligence.
- Access specialist support in notifying, managing and negotiating complaints and claims.
- Benefit from an effective approach to liability risk management.
The BIBA PI Initiative has been created in response to feedback from our members and following wide consultation with stakeholders including PI underwriters, brokers, the FCA and the FOS. BIBA is committed to supporting its members in all aspects of broker practice and compliance and welcomes your comments.