100’s of ICAEW members sign up to new Professional Indemnity Insurance scheme.
Interest and take up in the SBJ Professional PII scheme for ICAEW members has seen unrivalled success since October 2006.
Interest and take up in the SBJ Professional PII scheme for ICAEW members has seen unrivalled success since October 2006. Quite apart from the very competative rates under the scheme, member feedback consistently cites the exclusive benefits and ease of access as the two main reasons they have chosen to move their PII to this facility.
There are a range of exclusive benefits to members of the ICAEW to take advantage of and, given that the scheme is with the UK largest composite insurer, the rates are very competitive. Benefits include:
• Exclusive cover and premium rates with the UK’s largest composite insurer, Norwich Union
• Nil excess*
• Free legal expenses cover
• Free 24 hour legal and tax helpline
• Free 24 hour health and medical helpline
• Free 24 hour counselling helpline
• Free risk helpline
• Additional cover for representation costs
• Automatic 6 year run-off provision
• Automatic renewal process*
• Interest Free instalments
• Short proposal form
• Dedicated ‘top 10’ firm of solicitors to deal with claims.
• Competitive premiums
• Increased cover for loss of documents
• Increased compensation for court attendance
* Subject to criteria
Ease of access can partly be attributed to our new online proposal facility which, since it was launched in October 2006, has seen over 1,000 enquiries. ICAEW Members who are interested in what we can do for them can simply complete an on-line proposal form, which takes approximately 2 minutes. Once completed, their information is captured in real time by our dedicated team. A quote is then generated and, in the majority of cases, provided within 24 hours (exceptions are where the member to be insured doesn’t meet standard underwriting criteria, in which case we advise of the action being taken to obtain a quotation).
Further information regarding the ICAEW member’s professional indemnity facility can be found at the following link:
To complete a proposal on line (1-4 partner firms only) visit:
http://www.sbj-pi.com/accountantsonline