Statutory Liability Cover Poll Result

Two-thirds of those who have so far taken part in our latest poll indicate they have statutory liability insurance in place.

The poll follows our publication of an article by Clinton Stanger of Curated Risk, who highlighted the financial risk advisers could find themselves in if faced with defending a breach of the law without insurance to support them.

He says the premium cost for statutory liability cover is negligible compared with the exposure and impact of going it alone.

Nevertheless, 28% of those who have taken part in our poll indicate they don’t have such cover, 6% don’t think they need it, and 66% have statutory liability insurance in place.

This poll will close on Tuesday 24 July, so there’s still time to take part.

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