Last Friday, Insurance Times reported that the FCA is investigating AccessBI – a specialist underwriting agency – and has frozen its client accounts until the completion of the investigation. This is significant news for a large number of care insurance clients, who – through no fault of their own – could now find themselves without insurance cover.
If your broker used AccessBI to place your care insurance policy, you currently may not be insured through them and if so, will need to arrange alternative insurance cover immediately. We suggest that you contact your insurance provider urgently to discuss your current situation.
You will need to check any policies – including employers’ liability certificates – that have been placed through AccessBI.
What should you do next?
Should you find yourself without cover, it is crucially important for your business to arrange appropriate insurance cover at the earliest opportunity.
Bollington Care can help. With a long track record of insuring clients across all care and charity sectors and trading for over 40 years, we have developed excellent insurer relationships and can quickly and efficiently arrange the cover that your business needs.
We are already placing clients affected by this situation into the right marketplace to get them back on cover and appropriately insured, and we can do the same for your business.
Please call us on 01625 854300 to speak to a member of the team right now, who can discuss your risk and arrange the cover you need as soon as possible.
