The advantages of the individual regulatory defence policy are as follow:

• It is in the name of the Insured individual, or their estate, and cannot be eroded by any other person or company.
• It enjoys a much smaller deductible than that imposed on the standard PI and D&O insurance policies.
• It sits outside the “asset pool” of the company.
• Premiums are payable by the employer and not deemed to be a “benefit in kind” for tax purposes.
• It avoids the politically difficult position as to whether the Employer’s defence should be fund by the employer, even when such defence may be contrary to the Employer’s own interests.
• It responds to any investigation rather than relying on the need for compensation being sought!
• Its purpose is to fund the defence of the individual and not be beholden to the resulting liability of the company or its insurers.
• The lawyers appointed do not have a conflict of interest and only represent the insured person and not their employers or insurers.
• The company can purchase this policy for all or some of their regulated staff with resulting discounts.

For more details, please contact us by email or call us on 0207 929 4616 and we look forward to answering your questions.