Brokers turn to specialists for PI cover
In total 84% said they bought PI policies from a specialist PI broker.
Steve White, BIBA’s chief executive, said: “At BIBA we take every possible opportunity to promote the benefits that consumers can gain from using a broker.
“The fact that brokers themselves also see these advantages reinforces the value that brokers add.”
Alan Drury, director at Griffiths & Armour, a BIBA accredited PI broker, added: “Brokers are aware of the need to make sure they have the cover that meets the needs of their business and this is why 84% seek specialist advice.
“In addition, it confirmed our views that brokers are spending more time reviewing their exposures, leading to the purchase of higher and more realistic limits of indemnity.
“Again, this can only be the result of seeking advice from a specialist PI broker.”