Written by: Griffiths & Armour on: 04 Jun 2021
BIBA renews PI Accredited provider relationship with Griffiths & Armour
We are delighted to continue our partnership with the British Insurance Brokers’ Association (BIBA) and announce the renewal of our Professional Indemnity (PI) accredited broker contract for a further three years.
BIBA is the UK’s leading general insurance intermediary organisation representing the interests of insurance brokers, intermediaries and their customers. BIBA membership includes around 1,800 regulated firms and their board advises members, Government, regulators, consumer bodies and other stakeholders on key insurance issues.
Our exclusive BIBA scheme and proposition has proven to be a huge success since its creation and launch in 2013. Our specialist team are thrilled to continue to provide Griffiths & Armour’s market leading scheme cover and expert advice on managing the risks that BIBA brokers face today and in the foreseeable future.
Griffiths & Armour Professional Risks Director, Matt MacLaren said:
“We are delighted to continue to offer support and cover to BIBA members as an accredited PI provider. Our BIBA PI scheme has a wide range of benefits for BIBA members including very broad and secure policy coverage, a dedicated in-house claims team to help manage the claim process smoothly, regular risk management guidance updates and numerous seminars and webinars available to our brokers. As the Broker PI Scheme that has continuously served its members longer than any other, our long-term quality approach has benefitted our broker members with the highest levels of continued pandemic-cover available, along with a safe and supported journey through what is an extremely challenging PI market”.
BIBA Head of Technical Services, Mike Hallam added:
“It goes without saying that in the challenging market conditions that we are now experiencing in the PI market our members appreciate the support we can provide. Having Griffiths & Armour on board for a further three years is most welcome”.
Griffiths & Armour provide support to BIBA members with their insights, observations and recommendations for the unique challenges being faced by the insurance sector. Amongst the ongoing repercussions of the Covid-19 pandemic, the team at Griffiths & Armour look forward to continuing to provide detailed guidance on challenges faced by Insurance Brokers such as the High Court Judgement in the FCA’s Business Interruption test case and reduced capacity in the PI insurance market.
To find out more about our BIBA PI scheme that is designed to allow insurance brokers to provide advice and service to their clients, please click here.
If you have any questions about the contents of this article or Griffiths & Armour’s BIBA PI Scheme please get in touch with your usual G&A Broker. Alternatively, please click the button below to submit your enquiry to Professional Risks Director, Matt MacLaren.