PowerPlace launches free D&O workshops for brokers
PowerPlace, the online commercial insurance marketplace, will be
running a series of free educational workshops around the country
for brokers.
The workshops are aimed at helping brokers fill gaps in their
knowledge about directors’ and officers’ liability products as well
as giving them the tools to educate their customers on the
importance of having D&O cover.
Sales and marketing director, Darren Rowe, says: “Our users have
told us that they’d appreciate the opportunity to get an update
from D&O underwriters more about current and future legislation
that could impact their customers, as well as dig further into the
detail of the various policies out there so that they’re better
informed when looking for the most appropriate cover for their
customers. That’s why we’re taking our D&O panel of insurers to
our brokers’ doorsteps.”
Rowe points out that there is a lack of understanding of what
D&O does and doesn’t do, particularly amongst SMEs, as well as
a mistaken belief that it is expensive.
He goes on to say: “Directors of SMEs and start-ups are often
unaware that although the company has limited liability, they do
not and their personal assets could be on the line. The personal
liabilities facing a director have increased dramatically in recent
years from far reaching health and safety and anti-discrimination
legislation to employment disputes. Even if allegations are
unfounded, defence costs can be crippling. We want to help our
brokers be able to debunk the myths and spell out the plain and
simple truth to their customers to ensure they have the insurance
protection they need.”
Rowe concludes: “We’re delighted to launch this series of
workshops with the support of our panel of D&O insurers and
hope that it will be the first of many. PowerPlace isn’t just about
providing an online marketplace for commercial brokers. It’s about
giving our users the power to maximise the business opportunities
with their customers.”
The workshops kick off on 17th November in Birmingham. To
register your interest, please contact the Head of Marketing at
helengoring@powerplace.co.uk
or speak to our Business Support Team on 0844 8921
336.
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