What we offer
As a specialist broker for Independent Financial Advisers (IFAs), we understand how the the operating environment is becoming ever more complex and that managers are increasingly exposed to making errors. Whether that is from adhering to compliance regulations, dealing with the FCA or keeping up with best practices for corporate governance and risk management.
No matter how diligent, any manager’s decision can result in losses for the company or a third party, and the directors and officers who made the decision can be held personally liable for those losses and the cost of any resultant investigations.
IFA Directors' & Officers' Liability (D&O) insurance protects managers from claims which may arise from the decisions and actions taken within the scope of their regular duties. It pays for defence costs and financial losses, as well as providing cover for costs arising from administrative and criminal proceedings or in the course of investigations by the regulator or criminal prosecutors.
A D&O policy not only covers the personal liability of company directors and officers as individuals, but also the reimbursement of the insured company in case it has paid the claim of a third party on behalf of its managers in order to protect them.
Why you should try us
- IFA Specialists and management liability experts
- Able to offer Entity & Employment Practices Liability extensions
- Fast response and turnaround times
- Extensive client testimonials
Key related services
What our clients say
After speaking to a number of potential providers, we chose Protean to arrange our PI cover because we were impressed by their understanding of the unique characteristics of the specific niche market that we operate in and their ability to source bespoke cover at a competitive cost. I have no hesitation in recommending their services.
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