Do Insurance Brokers need a PI Policy that gives COVID-19 Cover?

The FCA position is clear: brokers need cover in respect of claims for which a firm may be liable as a result of the conduct of itself, its employees and its appointed representatives. In almost all cases this means that brokers should not have an exclusion for claims relating to COVID-19.

Clients are still getting their business interruption claims settled and deciding on their next course of action if they don’t get the outcome they want. Unfortunately, brokers are often going to be in the firing line.

At Manchester Underwriting Management we have a Brokers’ Own E&O product specifically designed to provide broad cover that can include COVID-19 along with legal support even when there isn’t a PI claim … yet. As well as direct access to our experienced claims team and underwriters.

If you want to know more, then call Richard Webb on 07485 685065 or email on richard.webb@manchesterunderwriting.com.