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| Below are a few of the more frequently asked questions about Saturn and our products. If you have any other questions please contact us. |
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Are Saturn an Insurer?
Not in the conventional sense. We are a specialist Professional Indemnity Underwriting Agency with full delegated authority to quote, bind insurances, issue policy documentation, deal with general queries, collect premiums and handle claims on behalf of the companies that we represent and who provide our security and capacity.
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I run my own Chartered Accountancy practice. Can I effect my PI cover with Saturn?
Yes you can and our specially tailored Accountants wording complies with the PI Insurance requirements of the ICA. However, as we are only able to transact business with our ‘intermediary panel’, the cover will need to be arranged via your broker. Don’t worry if you haven’t got a broker currently as we can put you in touch with one of our panel of approved intermediaries.
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Is Saturn authorised by the Financial Services Authority (FSA)?
Yes. Saturn is a trading name of Martello Professional Risks Ltd which is authorised and regulated by the Financial Services Authority under no.309241.
You can check this on the FSA Register by visiting their website or by contacting the FSA on 0845 606 1234.
http://www.fsa.gov.uk/register
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I’ve been told that Saturn offer Legal Expenses cover at no additional premium. This can’t be right, can it?
Oh yes it can! In what we believe to be a unique offer in the PI market, the vast majority of our PI policyholders now get DAS Legal Expenses Insurance as standard and at no additional premium whatsoever…….and there’s no scrimping on cover either, with wide-ranging benefits available under the policy including a free 24 hour telephone help line.
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My policy says that cover is on a ‘Claims Made’ basis. What does this mean?
All Professional Indemnity policies are written on this basis. Cover is only provided for claims or circumstances discovered and notified during the period of insurance, not errors or mistakes occurring during the period of insurance. Once the policy expires, so does your cover and so it is imperative that you maintain continuous insurance.
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My existing PI policy expires in a week’s time. Am I too late to get a quote from Saturn?
Definitely not! We know that dealing with insurance is not top of many peoples’ list of priorities and as a result often gets left to the last minute. At Saturn, we pride ourselves not only on our level of technical expertise and innovation, but also our ability to respond to enquiries promptly.
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Do Saturn only provide Professional Indemnity Insurance?
Whilst PI accounts for a significant proportion of the business we do, our account also includes Directors & Officers Liability, Medical Malpractice, Legal Expenses, and Employers & Public Liability Insurance. Additionally, Royal & Sun Alliance Insurance plc offer most other forms of insurance, ranging from Home Insurance to complete commercial package covers for businesses.
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