Group Cover Scheme

The Group Cover scheme means insurance for an agreed minimum number of business and/or individual clients. The risk is spread across your accountancy practice which results in a lower per capita premium.

Under PFP's Group Cover scheme, a block of individuals and/or businesses are covered. New clients can join throughout the year paying a pro-rata premium. If 100% of the practice's clients are already members, new clients can join for free - up to 10% of those already paying a premium.

If you choose the Group Cover scheme, all that we require you to do is:

• Market the policy to your clients
  
• Collect premiums and any mark up you apply
  
• Pay premiums to PFP (method of payment agreed under arrangement)
  
• Report the clients taking up cover
• Process renewals
• Manage investigations under the Policy terms

PFP can help administer the above.

PFP administers the rest by:

• Providing FREE high quality marketing material
  
• Providing access to investigations advice throughout the claims process
  
• Offering FREE mail shots to clients
  
• Providing membership certificates if required
  
• Administering clients' queries on the policy
  
• Paying claims direct to the accountant
• Providing a legal helpline