Professional Indemnity Insurance
The need for Professional Indemnity Insurance has never been greater. Without the right insurance, you are putting your business and personal assets at risk. Our PI Insurance will provide you with a safety net specifically designed to cover the costs of defending your business against any future claims.
You have worked hard to make your company a success so it makes sense to protect it When you join Countrywide Tax & Trust Corporation Ltd or use our Will writing Software, PI Insurance is available to you.
Every Advisor working in association with Countrywide, must have Professional Indemnity Insurance in place, again this needs to be in place prior to commencing work and recommending our Products and Services to your clients.
There are TWO options available to you...
Working under the Countrywide Umbrella
For those of you wanting to be included on Countrywide’s Own Professional Indemnity Insurance policy, your clients will be required to make the full payment of both processing, commission and VAT to Countrywide Tax & Trust Corporation Ltd.
The commission element will then be paid to you once the client payment has cleared, normally within 2 weeks of receiving payment.
The level of cover is £2,000,000 per claim and is provided free of charge.
Alternatively, you have the option to purchase your own Satellite Personal Indemnity Insurance through our own PI providers, for the level of cover appropriate to your own business.
Using our PI providers allows you to buy your own policy at greatly discounted rates, to cover your own Will and Trust Company.
Purchasing your own PI cover will enable you to pay client monies for Wills, Trusts and other products into your own bank account. You will then only have to forward any processing costs for your order, where appropriate, onto Countrywide and yet still be assured that these transactions are fully covered by your own PI.
The level of cover is £2,000,000 per claim. Your Policy will be issued in your own or your company name under Countrywide’s Master Policy through our recommended insurer.