Monday 09 October 2023 - Thought Leadership

Professional Indemnity get the best of what is on offer

By Chris Christou

The Professional Indemnity market is highly competitive and in such a busy, fast-moving sector it’s sometimes difficult to take a moment to step back and make sure you’re getting the best of what’s available.

Tokio Marine HCC has a sophisticated online portal, powered by a full-cycle PI engine that can quote and bind risks as well as handle any necessary mid-term adjustments. It’s quick and easy to use and is backed up by one of the most experienced and knowledgeable underwriting teams in the market. 

DO Group

High speed – low touch

Our PI portal provides insurance for hundreds of trades and miscellaneous professions and offers cover of up to £5m. You can also use it to create packaged insurance solutions and our Professional Multi Risk Policies offer PI-led quotes for public liability, employer’s liability, management liability and office cover.

Clients can choose an annual or rolling monthly policy. There’s no interest or additional charge for paying monthly, creating added flexibility for insureds.

The portal has dynamic question sets that are tailored towards each sector and the application process takes minutes. To use the portal, brokers need to have an agency with Tokio Marine HCC. After that, it’s just a case of completing the registration. Alongside the portal, our PI product can also be accessed via Acturis and other third party platforms.

In some cases, individual brokers have registered their firm to use the portal and have since moved on, leaving colleagues unaware they’re signed up and ready to go. It’s worth checking and even if you’re not already registered, it doesn’t take long to onboard.    

Dedicated underwriters

If a case is referred, it goes directly to the dedicated underwriter appointed to your brokerage. Our underwriters look to turn referrals around within 48 hours – often less – and have the authority to amend and release cases to complete online. If it’s more appropriate, they can move them offline and provide manual quotations. Either way, your client gets access to specialist underwriting expertise to ensure they get the best outcome.

Underwriters are based in London, Manchester, Birmingham and Bristol to provide you with expertise where you need it. Across our PI team, we have more than 300 years of combined expertise, letting you be confident in the level of specialist knowledge each case receives.

This level of service sets us apart in the market and is backed by the strength of our paper - S&P Global Ratings, A+ (Strong); A.M. Best, A++ (Superior); Fitch Ratings, AA- (Very Strong).

If you’re looking for a quick and convenient way to place PI insurance for SME clients, then take a moment to refresh yourself with our online portal. It offers an all-encompassing and flexible range of covers backed by excellent ratings, high service levels and specialist underwriters. 

Disclaimer

The information contained in these articles and documents are believed to be accurate at the time of the date of issue, but no representation or warranty is given (express or implied) as to their accuracy, completeness or correctness. TMHCC accepts no liability whatsoever for any direct, indirect or consequential loss or damage arising in any way from any use of or reliance placed on this material for any purpose. The contents of these articles/documents are the copyright of Tokio Marine HCC. Nothing in these articles/documents constitutes advice, nor creates a contractual relationship.

Contact details

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Chris Christou

Business Development Manager