Insurance Agents
The Renaissance Way on Insurance Agents Insurance
Why would an insurance agent buy insurance through an insurance broker? Well, there is a list of reasons:
- Access to international markets: Not many Cypriot insurers understand the risks associated with insurance agents. At the same time since they trade with you, they are unwilling to take on the extra risk of paying for a mistake! Coverage is available through a number of international insurers to which we have considerable access.
- Wide coverage: Professional Liability coverage available locally usually excludes market recommendation, which means that if you recommended an insurer and something goes wrong, then your PI insurance may not respond.
- Expertise: As insurance agents’ PI was created to respond to the EU Intermediation regulations that came into effect in January 2005, yet existing arrangements deal with insurance agents in a black-box approach. Specialist agents and practices with long history of claims-free operations could enhance their coverage at very competitive cost
Available solutions include:
- Professional Liability Insurance for Insurance Agents/ Brokers, which takes into account the special nature of the profession by catering for risks like:
- Employee Dishonesty
- Loss of Documents
- Market recommendation
- Breach of Data Protection
- Directors’ and Officers’ Liability Insurance, for corporate practices
- Office packages that protect your assets and ensure business continuity in case of a major catastrophe, as well as Employer’s/ Public Liability, covering liability to your employees and third parties
- Employee Benefits, such as Group Medical, Life, Accident and Travel Insurance, to help you in attracting and retaining top-class talent
Our solutions are available to practices of all sizes and from a number of insurers, local and international, with an inherent expertise on non-invasive specialties.
- Starts with Listening: We take time to understand your specific needs and design a tailor-made program.
- Continues with commitment: We are a family-owned business, just like most of our clients. Our commitment is to our clients and not any public shareholders.
- Evolves with your business:We grow with you, share knowledge and expertise and maintain the relationship for the long-term.