News

2
Mar

Absolute Cover: insurance for FCA regulated firms

At Absolute Cover, we’re committed to helping FCA regulated firms access high-quality business insurance. 

If you are an FCA regulated firm, your business almost certainly needs some or all of the core cover listed below – and potentially other business insurance products. 

Core covers

We can assist you with finding precisely what insurance cover you’re required to hold, depending on activities, permissions and capitalisation. We will then approach our hand-picked panel of specialist insurers to help you find the right cover at the right price for your business.

Professional Indemnity for Independent Financial Advisors (IFAs)

Absolute Cover specialise in sourcing professional indemnity insurance for IFAs & Wealth Management Firms.

Polices provided are written on a non-exclusion basis and fully compliant with The FCA including cover for:

  • Investments
  • Defined Benefit Pension Transfers
  • Mortgage advice
  • General insurance
  • Employee benefits

FCA regulation does not in general go as far as to require the minimum terms needed for firms needing professional indemnity cover, however it does state that the policy must not be subject to conditions or exclusions which unnecessarily limit its cover. A contract of insurance must meet the demands and needs of the firm it is being issued to. Your choice of insurer is key to the effectiveness of your PII. The team at Absolute Cover has the expertise and insurer partnership is in place to ensure you get a policy that is right for your business and satisfies your regulatory requirements.

What our clients have to say

We have had a strong working relationship with The Thistle Group for some time now and the high level of service we received was echoed through that received by their insurance brokerage Absolute Cover. We were provided multiple quotations with differing limits and premium options so we could make an informed decision. When we advised we needed a reduced premium, the team at Absolute Cover took the time to understand our business further so they could negotiate with underwriters and produce a premium and ultimately a policy that met our business and cashflow requirements. We would highly recommend using Absolute Cover and look forward to working with them in the future.”

Pankhuri Bhandari, Senior business associate at Deposit Book

Get in touch

To learn more about how Absolute Cover can help you find the right insurance cover at the right price, contact us today on 0203 859 0064, email info@absolutecover.co.uk or visit info@absolutecover.co.uk.

0203 859 0064 |info@absolutecover.co.uk | absolutecover.co.uk

© 2021 Absolute Cover is part of the Thistle Group. Absolute Cover is a trading name of Resolution Compliance Limited which is authorised and regulated by the Financial Conduct Authority (FRN: 574048)