Contact us to see why so many affinity partners invest their trust in us

PIB Insurance Brokers (PIB) are delighted to be appointed by the Professional Association Research Network (PARN) as their exclusive insurance partner.

When it comes to specialising in commercial insurance and employee benefits, we have a wealth of experience we would like to share with you.

PIB have been briefed by PARN to provide PARN and its membership with:

> Updates on change within the insurance market
> Raised awareness of insurance products that enable associations to mitigate risk
> Updates on regulation charges that affect insurance
> Free insurance reviews to associations' own insurance programmes
> Free affinity insurance programme reviews for associations' existing affinity schemes
> Review of existing Introducer Agreements
> Assistance in setting up affinity schemes that benefit the association's membership

With a robust affinity solution you can benefit from

Insurance affinity creation and management

Enhanced member benefits

Improved member loyalty

Collective and individual underwriting

Greater insights in to members needs

Enhanced flexibility and support

Insurance covers we can provide include:

Professional Indemnity
Professional Indemnity Insurance – known as PI insurance or, in some cases, indemnity insurance – is there to protect you if your client suffers a financial loss through your work for them. If a mistake is made by your recruitment agency, it is better to have an insurer pay for the loss than your business suffer the financial sum on your balance sheet, or the loss being pursued against the responsible employee of the agency.

Other features of this policy include:

  • Can include Vicarious Liability for Personnel Supplied
  • Issued on a Civil Liability basis – offering more comprehensive protection than a negligence only wording
  • Loss of Documents and Compensation for Directors / Partners and employees attending court as standard additional benefits of cover
  • Internet and Multimedia Liability included
Directors and Officers
Directors’ and Officers’ liability insurance – also known as D&O insurance – covers the cost of compensation claims made against your business’s directors and key managers (officers) for alleged wrongful acts. These include (but are not limited to) acts such as breach of trust, breach of duty, neglect, error, misleading statements or wrongful trading.

Other features of this policy include:

• £nil policy excess
• Flexible limits of indemnity from £100,000 to £5,000,000

Public Liability
Having public liability insurance in place keeps you covered if a customer or member of the public suffers a loss or injury because of your business. Typical claims considered under this section of insurance includes injury or death to a person who isn’t an employee of your business, as well as damage to property belonging to another person. You can buy this cover as part of your flexible business insurance policy, or as a stand-alone policy – whatever suits you.

Other features of this policy include:

• Cover up to £10m worth of public liability cover
• Inclusion of ‘indemnity to principal clause’ as standard for signing third party agreements or contracts
• Contractual Liability clause included as standard
• No need to refer every contract ‘for insurer approval’

Employers Liability
Employers’ Liability is a compulsory cover that provides protection against legal liability for bodily injury to your agencies employees, including the cost of expenses. In the event of an employee being injured or killed in work you will require the assistance of an insurer and most likely a solicitor to help decide whether you’ve a responsibility or obligation to pay damages to the claimants, which include their estate or dependents. Thistle’s policy can help with this.

Other features of this policy include:

• Limits of indemnity available at £10m or £25m
• Help to defend and pay damages for accidents to temporary and permanent workforce
• Contractual Liability clause included as standard
• No need to refer every contract ‘for insurer approval’

Property and Business Interruption
Business interruption insurance provides protection against the consequential loss of income a business may experience following an insured and unexpected event – such as a flood or fire which would result in a period where you would have to stop trading. Both the indirect loss of business and your revenue can be protected by the cover. We have 2 types of cover available – Loss of Income and Additional Expenditure.
Drivers Negligence
If you are supplying temporary drivers, they may be required to carry drivers’ negligence insurance. This insurance provides cover against claims in respect of damage caused to vehicles being driven by agency supplied drivers to their clients. This covers damage to the vehicle being driven by the temporary worker, not third party vehicles.

Agencies may find that clients try to make them liable under contract in respect of such damage caused by the negligent acts of temporary workers. This type of insurance can only normally be purchased in conjunction with public and employers liability.

Other features of the policy include:

• Any one claim of either £5,000 or £10,000
• Any one period of insurance of either £30,000 or £50,000
• Excess dependent on experience of driver

Risk and Healthcare
Risk and healthcare includes benefits such as: Group Life Assurance, Group Income Protection, Group Critical Illness cover, Private Medical Insurance, Health Cash Plans and Dental cover. Employers can benefit from healthier, more productive and engaged employees whilst reducing the costs associated with absences. It goes without saying that employees benefit from financial security and support during a traumatic period or illness.

Our Risk and Healthcare team provides a full range of consultancy services, advising you on appropriate benefits for your employees whilst meeting the needs of the business. We undertake a full independent review of the market to ensure that all benefits remain relative, and are sourced on competitive terms to ensure that you are able to provide a package that will be valued by your employees.

Workplace Pensions
A pension is money you will use to live on when you retire. Most people get a state pension from the government which covers your basic needs but it is also a good idea to invest money in a pension fund in order to provide a secure retirement.

A workplace pension is often the most costly employee benefit that an organisation offers and it is imperative that they are used effectively to reward and retain staff. Following the introduction of auto enrolment all employers will now have to offer access to a pension at work.

PIB can help guide organisations in all aspects of workplace pensions including: scheme selection, bench marking, governance, auto enrollment compliance, staff communications, seminars and help desks, salary sacrifice, default fund selection and scheme administration and management.

Cyber Liability
As businesses become ever more reliant on technology, the risk of suffering a loss related to problems with computer systems or holding sensitive customer data continues to grow. When it comes to cyber risk, insurance is more important than ever with attacks and security breaches increasing in frequency and sophistication. This is where PIB Insurance Brokers is here to help. We have access to a range of insurers who offer cyber insurance that can be tailored for those businesses who hold sensitive customer details, are reliant on computer systems, have a website or are subject to a payment card industry (PIC) merchant service agreement.

Unsure if you need Cyber Liability Insurance? Ask yourself the following questions.

Do you:

> Hold sensitive customer details such as names, addresses, banking information?
> Use IT systems and websites to conduct business?
> Process payment card information as a matter of course?

If you answered yes to any of the above, your business could be at risk and you should speak to our team to find out more on how we can help protect you.

Private Client Insurance
We understand insurance can be very impersonal and our experience tells us “off the shelf” solutions for many individuals, simply won’t do. Whether it’s finding the right cover for your high-value home in the UK, your cars, your overseas property or your yacht, we have the experience to bring everything together in one tailor-made insurance solution that couldn’t be easier to manage.

We’ve spent years investing in a team of highly trained professions who possess a wide range of experience and skills, to help solve the more complex needs of our private clients.

We can offer:

  • Home and Contents Insurance
  • Private Collection Insurance
  • Private Craft Insurance
  • High Value Motor Insurance

And more! Contact our team today for more information on 0800 093 9745