Professional indemnity insurance is compulsory for all independent financial advisers and financial advisers that provide consumer and financial advice. If you provide purely corporate or professional investor advice, it may not be compulsory, but we’d still recommend it.
In recent years, we have seen an increase in claims, in part driven by social media and campaigns by some law firms, often referred to as ‘claims farmers’. These campaigns, previously focused on large investment providers, are now targeting companies of any size.
