Post Office guarantees best insurance quotes for IFAs
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The Post Office has guaranteed to beat all business renewal quotes for independent financial advisers’ offices.
The business insurance policy will provide IFAs with access to cover across a number of areas including employers liability up to £10m; product liability insurance up to £2m; any computer equipment breakdown; loss of group revenue due to business interruption and legal expenses of up to £50,000.
The insurance policy can be accessed from any Post Office branches as well by phone and online. The guarantee is valid for all renewals within three months of October 17, 2011, with the provision that the business has three years no claims history. Annual premiums must also be above £238.50 per annum. The Post Office says the quote will be valid for 60 days.
The renewal quote must be on an equivalent basis to the Post Office quote and is available to new Post Office Business Insurance customers only.
Post Office business insurance head Duncan Caesar-Gordon says:“We know how important it is for all businesses, including independent financial advisers, to keep down costs, which is why we have launched this price guarantee.
“Business insurance is vital to ensure you can keep your business on track, and you and your employees protected should the unexpected happen.”
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Readers' comments (1)
KS | 18 Oct 2011 4:53 pm
You Introduce inhouse mortgage advisers and cut us out of the loop.
You want the government to help you increase your financial services revenue at our expense.
I would rather pay more elsewhere and get the loyalty.
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