Manchester Underwriting Management’s opinion piece was in the BIBA edition of the The Broker.

Charles Manchester writes about a discrepancy in brokers practising what they preach. Whilst brokers advise their clients to look beyond price when considering insurance, they can fail to take their own advice when buying insurance themselves, particularly PI. The best product is not necessarily the cheapest and the minimum cover required by a regulator isn’t necessarily sufficient.

MUM has put together a product which offers, contractually, extremely broker-friendly cover, written into the wording. And for BIBA members only’ our product provides loss of client cover meaning that if you lose a client following payment of a PI claim and this pushes your P&L into the red, then MUM will indemnify you up to £25,000. To find out more about the product see here.