Profsave
IBG Underwriting Managers (Pty) Ltd
Profsave
Profsave works on a trigger basis, meaning if the underlying PI policy responds to a claim, IBG will pay the excess as stated on the IBG schedule which the FSP would have selected on inception, so long as your excess and does not exceed the amount stated on the schedule.
If a claim falls within the excess, and a finding by a competent court and or Ombud against the Insured, then this will trigger a claim within the excess with an Inner excess of 15%, which will apply in respect of the claim.
Our minimum limit of indemnity is based on an excess of R 10 000, and we provide cover up to a maximum of R350 000. We provide cover for Individual FSPs (up to 20 representatives) and for groups (of more than 20 representatives).
PI policy premiums are generally based on your sum insured and commission and or fee income as well as the deductible; our rates are not income rated but fall purely within your sum insured bands. The rates are calculated on a per representative basis.
IBG Underwriting Managers (Pty) Ltd
Profsave works on a trigger basis, meaning if the underlying PI policy responds to a claim, IBG will pay the excess as stated on the IBG schedule which the FSP would have selected on inception, so long as your excess and does not exceed the amount stated on the schedule.
If a claim falls within the excess, and a finding by a competent court and or Ombud against the Insured, then this will trigger a claim within the excess with an Inner excess of 15%, which will apply in respect of the claim.
Our minimum limit of indemnity is based on an excess of R 10 000, and we provide cover up to a maximum of R350 000. We provide cover for Individual FSPs (up to 20 representatives) and for groups (of more than 20 representatives).
PI policy premiums are generally based on your sum insured and commission and or fee income as well as the deductible; our rates are not income rated but fall purely within your sum insured bands. The rates are calculated on a per representative basis.
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