Lockton, ACCA’s recommended insurance broker, has approved Arch Insurance (UK) Ltd as the membership’s new insurance provider.
Lockton is committed to continually evaluate its offering to the ACCA membership, ensuring it delivers a best-in-class policy wording, at competitive premiums, underwritten by a leading insurer with an excellent claims service.
After conducting appropriate due diligence, Lockton approved Arch as the best insurance provider and the most able to support the demands and needs of the membership. Arch has a very experienced underwriting team providing professional indemnity and allied insurance solutions to professional services firms. The insurer is now at our disposal and will deliver innovative insurance solutions for the membership.
Lockton does not take the decision to change scheme insurers lightly and must ensure there are clear benefits for members in doing so. In this instance, the broker is pleased to advise that there are positive enhancements to both coverage and service and these, along with any other material differences, will be explained to members by a Lockton account executive upon renewal.
Arch is absolutely delighted to be part of the strategic partnership long valued by ACCA and Lockton and we are all looking forward to this being a very successful and rewarding collaboration. Backed by stable underwriting and financial performance, Arch commands an A+ A.M. Best financial strength rating. The firm really understands professional services and is a solid and supportive partner.
Lockton has also aligned the leading professional negligence specialist law firm Caytons to the ACCA scheme. Caytons will deliver an exemplary claims service to members and offers a complementary legal helpline for support when needed.
Finally, it is important to highlight that should the scheme prove to be unsuitable for any practice, Lockton, as an independent and Lloyd’s of London insurance broker, will approach other leading A-rated insurers on their behalf to obtain terms. In most circumstances, Lockton can provide members with choice and the right solution whatever their unique situation and requirements.
For further information, contact the Lockton ACCA Team: