This is due to the quality of compliance services being provided to their members excellent premium rates are being achieved with insurers willing to match or better more competitive pricing in order to retain quality risks.
Shaun Godfrey, Group Sales Director, Bankhall said, “Our compliance support is the best in the business and our PI provider has formally recognised the fact. This has enabled us to negotiate large discounts via NCG because we are considered a safe bet. This is a great example of how being a market leader in one key area of support services, namely compliance, can provide the platform for us to set the standards in other key areas such as PI. We also have the capacity to ensure that we can deliver against our promises.”
Members will benefit from a dedicated account manager and a bespoke application form designed to focus on quality issues rather than the quantity of business each firm writes.
Neill Cotton of NCG commented, “Bankhall have a reputation as the leading compliance support provider which has allowed us to offer them highly competitive PI terms for their members. It stands to reason that if we can be confident that Bankhall member firms are receiving best of breed compliance support the risk of a claim from them is significantly reduced.
Bankhall members can apply for PI cover from the 1st September.
