Specialist broker launches exclusive PI Insurance scheme

One specialist insurance broker has recently announced the launch of an exclusive professional indemnity insurance scheme for CAAV members.

Professional liability insurance brokers, McParland Finn Limited, will be offering competitively priced premiums for Member Practices of the Central Association of Agricultural Valuers. MFL’s decision to provide competitive terms to rural surveying practices follows severe market difficulties that have not been seen the mid 1990s.

The specialist business liability insurance broker has also decided to reduce their excess levels significantly for qualified CAAV practice members.

Response from MFL customers has been positive.  Commercial and rural surveyors, Adkin in Oxfordshire, stated through their spokesperson Philip Pocock that they were pleasantly surprised by their savings.  Mr Pocock stated that the better terms offered by MFL have them looking forward to continuing their current relationship with the firm.

John Amos, of John Amos & Co chartered surveyors, stated that the quote supplied to them by MFL was highly competitive.  It was also delivered in less than 10 working hours, leading Mr Amos to call MFL’s service efficient, quick, and demonstrating a scheme that he would recommend highly to other surveyors.

MFL stated that its approach is made more efficient by RSA Insurance Group plc, the underwriters of the scheme.  Formerly known as Royal Sun Alliance, the underwriting firm has a heritage of more than six decades in professional indemnity insurance.  Additionally it is the biggest surveying practice insurer in the UK.

The policy cover provided by MFL complies fully with Royal Institution of Chartered Surveyors institutions.  Moreover the cover also fully recognises the insured qualification for valuation purposes of Fellows, Association of Agricultural Valuers.

MFL’s new scheme is available to any rural surveying practice that has a minimum of one qualified member as a business principal.

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