COVID-19 Update - 27 July 2020
As the COVID-19 situation develops, we want to reassure our clients that Professional Insurance Agents Ltd has deployed business continuity plans to minimise the impact on our staff, whilst continuing to provide a full service to you in these challenging times.
Our staff are now working partially from the office and from home using secure IT systems. All staff will be available on the same e-mail contact details you will already have, or contactable by phone on the following numbers, from 9am to 5pm, Monday to Friday:
Kelly Ewing – 01323 635287
Conor Edwards – 07702 893 103
Tamzin Corder – 01323 635280
Roxanne Clarke-Cox – 01323 635273
Lucy French – 01323 635277
James Wood – 01323 635272
Alternatively you can email firstname.lastname@example.org
You can also contact Ellie Smith on 01323 635275 or Kelly Fyfe on 01323 635274.
We ask that:
- All payments should be made by BACS, payments by Cheques will not be available for the foreseeable future
- Items should be scanned and sent by E-mail and not posted or DX
This is an unprecedented situation, and we will continue to closely monitor and comply with official advice whilst ensuring we provide a normal service in the event that staff become ill or need to self-isolate.
Professional Insurance Agents Ltd
Our arrangements for trading in the EU
The UK left the European Union in January 2020 and we are now operating in the planned 11-month transition period, during which the UK ceased to be an EU member but EU insurance laws and regulations continue to apply.
At the end of the transition period, currently scheduled for 31 December 2020, all UK registered insurance intermediaries will lose their automatic rights under EU law to provide services to EU clients. We have therefore taken steps to ensure that our clients with EU risks will continue to be looked after as seamlessly as possible.
Global Risk Partners Intermediary Limited (registered in Ireland with company number 635016) like Professional Insurance Agents Limited is part of the GRP Group and is registered as an insurance intermediary in the Republic of Ireland. Through the involvement of Global Risk Partners Intermediary Limited our team will continue to be able to assist clients with their current and future insurance needs in the EU, providing the same high standards of service as always. Please contact us if you would like to find out more about these arrangements.
We tailor commercial insurance policies to our client’s specific needs, endeavouring to obtain the best terms at competitive prices.
Below you will find a summary of some of the classes we can cover:
If your business class doesn’t fall in any of the above categories don’t worry, we can help to insure many other professional classes that require Professional Indemnity Insurance (PII) or Medical Malpractice Insurance policies, at very competitive rates.
We offer instant quotes online 24/7 for many of the classes above. If we can’t assist online, we can provide a full broking service, offering recommendations on how best to protect your business.
Classes such as Architects, Accountants, Bookkeepers, Engineers, IT consultants / Contractors, Surveyors and Solicitors or Doctors will need to consider other policies not just Professional Indemnity Insurance, particularly since the implementation of the GDPR (General Data Protection Regulation). These and other classes will need to consider Cyber and Directors and Officers Insurance to provide the necessary protection needed. There are also more common covers such as Office, Public and Employers Liability Insurance which should already be in place.
Professional Insurance Agents Ltd have a 5 star rating online but if you would prefer to talk your requirements through, we can help you obtain terms and cover offline. Call us on 01323 648000.
Lloyd’s is proposing to transfer certain EEA insurance policies to Lloyd’s Brussels. The proposed transfer will not change terms and conditions of any policy, except that Lloyd’s Brussels will become the insurer and Data Controller in respect of the transferred policies. Further information about the proposal (including whether it could affect your pre-transfer position), which policies are transferring, your rights and what you need to do can be found at www.lloyds.com/brexit-transfer
FCA Test Case update
The High Court sat in session on the 2nd October 2020 to hear submissions from Insurers seeking leave to appeal the judgement that was handed down on the 15th September 2020.
The High Court has allowed the “Leap Frog Appeal” which means the case will now bypass the Court of Appeal and move straight to the Supreme Court
Neither Zurich nor Ecclesiastical Insurance have appealed the original High Court decision as the Court found in their favour and it has been determined that the Business Interruption extensions under their particular policies do not provide cover for losses as a direct result of the Covid Pandemic.
The other Insurers participating in the Test Case have four weeks from the 2nd October to enter their submissions at which point the Supreme Court will decide whether to accept the Appeal. If granted it is anticipated the hearing will take place prior to the end of the year with the judgement, which will be binding on all parties, to be delivered early in 2021.