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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

  • Just a quick update: the CIPD has identified a preferred provider and is waiting for approval from the FSA. We're hopeful that this will happen by November at the latest, but we’re obviously beholden to the financial regulations and third party timescales.

    The CIPD will share more information just as soon as everything has been approved.

    Our priority is to ensure the best outcome for our members in terms of value and service, and we apologise that the process is taking longer than we would have hoped.

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  • Just a quick update: the CIPD has identified a preferred provider and is waiting for approval from the FSA. We're hopeful that this will happen by November at the latest, but we’re obviously beholden to the financial regulations and third party timescales.

    The CIPD will share more information just as soon as everything has been approved.

    Our priority is to ensure the best outcome for our members in terms of value and service, and we apologise that the process is taking longer than we would have hoped.

Children