10th January 2017

Tenet PII Partnership

Tagged: Financial Institutions, Independent Financial Advisors

TenetSelect have partnered with Protean Risk to negotiate exclusive Professional Indemnity Insurance (PII) for their directly authorised customers. Firms buying audit or file checking services from TenetSelect will be considered 'lower risk' and, through Protean Risk, access high quality insurance with realistic excess levels and affordable premiums.  

According to Tenet Group Regulatory Director Mike O’Brien "at a time when a worrying number of advisers are struggling to obtain satisfactory cover – or indeed any cover at all due to insurers hiking excesses, expanding exclusions to unreasonable levels and increasing premiums exponentially – we have addressed the issue by negotiating preferential terms for TenetSelect customers.”

Further benefits of the PII partnership will include: 1) TenetSelect assisting with the completion of the proposal documentation; and 2) A simplified and streamlined application underwriting process.

Protean Risk Head of IFA Practice, Julian Brincat explains "we have been able to secure these improved terms due to the quality, breadth and reputation of the compliance services provided by the Tenet Group. They reflect the lower risk that these firms will present to the Professional Indemnity insurers.”

To find out more about the scheme speak with your TenetSelect Account Manager or Julian Brincat.