💰 Financial Advisor
Leo compares the UK market and picks the best PI cover for financial advisors. £2M cover, instant activation.
As a financial advisor, you provide expert advice and services that your clients depend on. If something goes wrong, a mistake, an oversight, or even a misunderstanding, your client could claim you caused them a financial loss. Professional indemnity insurance covers the legal costs of defending yourself and any compensation you might need to pay.
Common risks for financial advisors include unsuitable investment advice, mis-selling claims. Even careful professionals face claims from misunderstandings or unrealistic client expectations. PI insurance gives you the confidence to do your best work knowing you are protected.
Regulatory requirement: FCA requires all practising financial advisors to hold professional indemnity insurance.
Most financial advisors opt for £2M of cover. The right level depends on the size of your projects, your annual revenue, and any contractual requirements from your clients. Many enterprise clients require at least £1M of PI cover as a condition of working together.
Financial Advisor PI insurance starts from £25/mo for £2M of cover. The exact price depends on your annual revenue, claims history, and the specific services you provide. Leo compares prices from across the market to find you the best deal.
Talk to Leo and get your financial advisor PI insurance sorted.
Talk to Leo →Financial Advisor PI insurance starts from £25/mo for £2M cover. Your exact price depends on revenue, claims history, and cover level.
FCA requires all practising financial advisors to hold professional indemnity insurance.
PI insurance for financial advisors covers claims arising from unsuitable investment advice, mis-selling claims. It pays for legal defence costs and any compensation awarded.