The PI Desk
Paradigm Protect are delighted to announce our new partnership with The PI Desk Ltd, who will be able to offer our mortgage and protection member firms using our mortgage and protection services access to a new Professional Indemnity Insurance (PII) service. PII will be available via Paradigm at discounted rates which we have negotiated, providing that your firm are using Paradigm for your Mortgage, Protection and GI business.
The PI Desk underwriting team has been providing PII (as cover holders with full underwriting authority) to Mortgage intermediaries and Financial Advisers since 1998 and in this time built a long-standing relationship with the same insurer’s underwriting team for almost 20 years.
PII is vital for Mortgage Brokers, General Insurance Intermediaries and other Financial Services professionals who need cover to fulfil their regulatory responsibilities as well as to help protect their business from increasing numbers of claims.
PII cover must be compliant with the FCA requirements and The PI Desk’s standard offering of £1.8 million in the aggregate satisfies the FCA minimum standards, although you can of course request higher levels of cover – however, this will be subject to additional questions from The PI Desk.
The PI Desk are looking to work with high quality and compliant driven low risk intermediaries with a good professional standing in the market, are free from past complaints and claims which will be reflected in the quality of cover and the premium levels offered. Where firms applying for PII work openly with insurers and understand what information their insurer are looking for then firms should obtain the best terms in relation to their PII.
If, and when, complaints or claims are received, The PI Desk will work with you to manage each and every complaint received.
We have selected The PI Desk based on their experience and understanding of Mortgage intermediaries and financial advisers and are well-aligned to our core values.