There has been significant growth of the number of Appointed Representatives (ARs) authorised by the FCA in recent years. We have responded to this growth by focusing on servicing the specific insurance needs of ARs. This has involved the creation of bespoke insurance solutions for Professional Indemnity, Directors' & Officers' Liability and other insurance covers. The result has been ARs receiving lower excesses and wider cover.
Whether your purchasing decision is driven by a platform requirement or a desire to protect your business, Protean has the depth of experience from helping over 100 ARs purchase cover.
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.
Protean helped us make a substantial saving on the insurance renewal terms put forward by our existing broker, offering like for like coverage. At the outset the team at Protean took the time to understand our business and ensure it was accurately represented to insurers. Protean’s use of an open-market strategy which is not restricted to a scheme has given us choice and delivered a very good result. We would certainly recommend them.
As an Independent Financial Advisor business, our PI is very important to us. We moved to Protean because they have the depth of specialist expertise and experience we need but with a very personal service. In our case, we stayed with the same insurer but benefitted from improved terms because Protean took the time to understand our business and to present it more effectively to the Insurer. We are happy to recommend Protean.
We have used Protean as broker for our PI insurance since we set up our business. They have always been responsive and are both experienced and knowledgeable about the requirements of Financial Services firms and the risks we face