Lockton has approved Allianz Insurance plc as ACCA’s new scheme insurer
Lockton is delighted to announce Allianz Insurance plc as our new ACCA insurance scheme partner.
As ACCA's recommended insurance broker, we are committed to continually evaluate our offering to the ACCA membership, ensuring it delivers a best-in-class policy wording, at competitive premiums, underwritten by a leading insurer with an excellent claims service.
After conducting appropriate due diligence, we have approved Allianz as the best insurance provider and the most able to support the demands and needs of the ACCA membership. Allianz has a very experienced underwriting team providing professional indemnity and allied insurance solutions to professional services firms. The insurer is now at the ACCA's disposal and will deliver innovative insurance solutions for the membership.
We do not take the decision to change scheme insurers lightly and there must be clear benefits for the members in doing so. In this instance, we are pleased to advise that there are positive enhancements to both coverage and service and these, along with any other material differences, will be explained by a Lockton account executive upon renewal.
Allianz is absolutely delighted to be part of the strategic partnership long valued by Lockton and ACCA and we are all looking forward to this being a very successful and rewarding collaboration. Backed by stable underwriting and financial performance, the insurer really understands professional service firms and is a solid and supportive partner.
We have also aligned the leading professional negligence specialist law firm Clyde and Co to the ACCA scheme. Clyde and Co will deliver the complementary legal helpline to support ACCA members in time of need.
Finally, it is important to highlight that should the scheme prove to be unsuitable for any practice, Lockton, as an independent and Lloyd's of London insurance brokerage, will approach other leading A-rated insurers on their behalf to obtain terms. In most circumstances, we can provide ACCA members with choice and the right solution whatever their unique situation and requirements.
Ian Saxelby – head of accountants, Lockton: Ian.Saxelby@lockton.com
Lockton is ACCA’s recommended broker for professional indemnity insurance: find out more.
Read ACCA's guidance factsheet: Professional indemnity insurance requirements