Business insurance for financial services

As a financial services adviser, you help other people balance their books and manage their money.

You’re a skilled specialist, so you’ll need expert professional indemnity protection specific to the market. We can’t support you with that, but we can protect you with cover for risks related to where you work, and any staff you have working for you.

We can help you if you’re working in:

• Mortgage advisory
• Insurance consultancy
• Legal services
• Investment consultant 

Why does a financial services professional need insurance?

We won’t be able to offer you the level of professional indemnity insurance you’ll need, but we can help you protect many other parts of your business.

Public liability insurance covers you in case of damage or injury caused by engaging with a third party – whether it’s at your office, or while visiting a client. With business equipment insurance, we’ve got you covered in case of damage or theft to the laptop or mobile that help you run your business.

Employers’ liability insurance will cover anyone who works for you – as you’re legally obliged to have insurance to protect them.

With both public liability and employers’ liability insurance, you’ll get compensation paid to you if a director, partner, principal or employee is required to attend court in relation to a claim covered by this insurance.

What kind of financial services are covered with AXA’s business insurance?

• Financial advisory service
• Independent financial advisers (IFA)
• Tax consultants
• Mortgage advisory service
• Investment consultancy

Will AXA’s business insurance for financial services companies cover me for public liability?

If you choose public liability insurance as part of your business insurance package.

This kind of insurance will support you in case of injury or damage to a third-party or their property, e.g. someone being injured due to a fall in your office or accidental damage caused to a client’s office when you visit.

What insurance does a financial services professional need?

*This discount is applied automatically and lasts for the lifetime of your policy.

**The guidance is provided on behalf of AXA by Arc Legal Assistance Ltd who are authorised and regulated by the Financial Conduct Authority.