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Professional indemnity insurance - withdrawal of CIPD provider and alternative?

Anne

Has anyone else received an email from Bennett Christmas (who took over the CIPD provider Weald Insurance) saying their PI insurance will not be renewed after 1st October?

The CIPD website says work to find another provider is underway but gives no timeframe. Given that the 1st is only 5 weeks away, it is going to leave a lot of independents in a vulnerable situation. It is one of the reasons many independents stay with the CIPD.

I deliberately moved from Towergate to Weald as it was the recommended provider and much more tailored cover. But now?

Can anyone recommend a provider they use, as many will need to switch soon.

Parents

  • Unfortunately, we have experienced delays in securing an alternative Professional Indemnity Insurance provision for CIPD members. The financial services market is notoriously complex and highly regulated, which have led to discussions taking longer than hoped. We are aware of the implications which this may be having for some of our members and we apologise for this.

    We were only very recently informed by Bennett Christmas of their intentions to withdraw from the current scheme. It would have been our preference to have provided our members with more notice on this decision.

    We're currently exploring an option which we would aim to have in place by the end of September, all going to plan. Throughout this process it has been our aim to provide access to a service which provides CIPD members with a competitive product and service and it remains our priority to achieve this for you.

    I hope this helps explain the current situation.

    For any further enquiries, please get in touch:

    www.cipd.org/.../

  • in reply to Steve Bridger
    Hello Steve… just wondering if there is any update on this?
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