Reviewing your PI cover

David Maida | financialalert | 09 August 2012

Clients are becoming more aware of their rights to take a grievance against their adviser while at the same time, regulation has instilled formal disputes processes. financialalert looked into the changing role of PI cover in the post-regulated environment, factors influencing rates, what is actually covered - and what can advisers do themselves to mitigate the risk of a claim.

The bulk of PI cover for advisers goes through brokerage firm Marsh Inc and insurer Lumley General Insurance. M...