In 2024, the number of eligible National Association of Commercial Finance Brokers (NACFB) member brokers securing professional indemnity (PI) cover through the NACFB Mutual increased by 10%.
More than three-quarters of the association’s commercial intermediaries are now covered.
Interest in the Mutual surged further following last summer’s NACFB Expo, leading to a 10% rise in enquiries for PI coverage.
The NACFB Mutual, exclusively available to the association’s broker firms, aims to deliver savings of up to 30% for new-to-policy firms compared to other providers.
The NACFB Mutual hosted its second Annual General Meeting (AGM) in December also, where policyholders were invited to shape its future direction.
