NAFD doubles professional indemnity cover
The National Association of Funeral Directors (NAFD) has increased its professional indemnity cover for each of its members to £1milion.
Every funeral directing member of the NAFD is now automatically entitled to professional indemnity insurance of up to £1million as a result of the Association’s new policy, which has been organised by South Essex Insurance Brokers (SEIB).
Chief executive officer Alan Slater announced the improved membership benefit at the National Funeral Exhibition, saying: “This enhanced cover speaks volumes about the business integrity of our members.
“The decision to double the protection from £500,000 to £1million per member has come about not because we are seeing a huge increase in claims, but because we are aware that we live in an increasingly litigious age and want bereaved families to know that NAFD funeral directors are part of a sizeable and responsible organisation which takes professional standards seriously.”
The new NAFD group indemnity policy covers individual funeral directing members against professional negligence and client disputes. Every member, regardless of the size of their business, has the same equal cover, so it makes no difference whether a firm conducts 80 or 80,000 funerals a year, they will have the security of a £1million limit of indemnity under their insurance policy.
SEIB is authorised and regulated by the Financial Services Authority and has the advantage of being independent of insurers. Its relationship with the NAFD goes back more than 30 years and in that time the company has built up market-leading expertise in the sector, pioneering insurance packages that are specially designed to meet funeral directors’ needs.
“As the Association’s appointed insurance broker we review the professional indemnity policy annually and advised that it would be prudent to increase the cover to £1million per member following an analysis of trends in this and other industries,” says Bob Pluck, associate director at South Essex Insurance Brokers.
In addition to arranging the NAFD’s professional indemnity cover, SEIB provides members with competitive vehicle cover and premises insurance packages – which include public and employer’s liability insurance and funeral home contents cover – with numerous added value benefits.