Just like in the US, even in the UK professional liability insurance is a must. A professional liability insurance will protect you and your business and it worth all the effort and time to locate a reliable insurance broker to help you understand the different types of insurance and the levels of cover that would be perfect for you.
Professional liability insurance broker in the UK can be found by using the British Insurance Brokers’ Association (BIBA) website or the Institute of Insurance Brokers (IIB) website. In the UK professional liability insurance brokers are regulated just like other insurance brokers by the Financial Services Authority (FSA). That is why when you are looking for a professional liability insurance broker in the UK, you should make sure that he or she has the necessary authorization from the FSA.
In order to become an insurance broker in the UK, you have to complete your GCSE O Levels. You should have taken Math and English and have two to four GCSEs (A-C)/S grades. However, it would be better for your career to have completed your A Levels/H grades with subjects like management, economics, business or accounts.
Before becoming a full-fledged insurance broker, you will have start out as a trainee. You can become a professional broker after gaining experience and passing the insurance industry examination. The examination is regulated and offered by the FSA. If you meet the competency and training standards set by the FSA, you can become a professional liability insurance broker after passing the exam. To prepare for the exam you can take a whole range of short courses offered by the British Insurance Brokers’ Association.
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