Financial Services Insurance Built for Your Business

Professional indemnity insurance protects your business against claims arising from alleged negligence, errors, or omissions in the services you provide. In the financial services sector, where clients rely on your expert advice for significant financial decisions, this coverage is essential. It covers legal defence costs, settlements, and can protect your business's reputation.

Financial services insurance is ideal for IFAs, financial advisors, wealth managers, accountancy practices, mortgage brokers, insurance brokers, pension consultants, and any business providing financial advice or services. Even if you're not directly giving advice, ancillary services in this sector can benefit from appropriate coverage.

Insurance costs vary based on factors like your business size, annual turnover, the services you provide, claims history, and coverage limits. We work with AXA to provide competitive pricing tailored to your specific situation. Contact us for a personalised quote based on your requirements.

Yes, if you employ anyone in the UK, employers liability insurance is a legal requirement under the Employers Liability (Compulsory Insurance) Act 1969. The Health and Safety Executive can impose fines of up to £2,500 per day if you don't have adequate coverage. It protects you against claims from employees who've suffered illness or injury at work.

Cyber liability insurance covers costs associated with data breaches and cyber incidents, including notification expenses, credit monitoring for affected customers, data recovery costs, legal fees, extortion payments from ransomware attacks, and business interruption losses. In today's digital environment, this coverage is increasingly important for financial services businesses.

Yes! AXA offers package policies that combine multiple coverages such as professional indemnity, public liability, employers liability, and property insurance into one convenient policy. Bundling often works out more cost-effective than purchasing separate policies and simplifies your administration.

Business interruption insurance covers loss of income and operating expenses if your business is forced to close or reduce operations due to an insured event, such as fire, flood, or other damage to your premises. It helps maintain cash flow during difficult times, covering things like staff wages, rent, and loan repayments.

Simply contact your dedicated account manager at Directfinanceuk, and we'll guide you through the claims process. We'll help you gather the necessary documentation and work with AXA to ensure your claim is processed as smoothly and quickly as possible. We're here to support you every step of the way.

Several factors influence your premium, including: the nature and scope of your services, business turnover, number of employees, claims history, coverage limits and deductibles, risk management practices, and whether you operate from commercial premises or home. We'll help you understand and optimise these factors.

Absolutely. We proactively review your coverage at renewal time to ensure it still meets your needs. As your business grows and changes, your insurance requirements evolve too. We'll contact you before renewal to discuss any changes and ensure you continue to have the right protection at the best possible price.