RC Pro insurance broker: what price and what obligations?

RC Pro insurance broker: what price and what obligations?
 

As an insurance broker, you must have a RC Pro certificate to present your case to ORIAS. In addition, you will need professional Civil Liability coverage for the duration of your activity.

What are your specific needs as a broker? What are the main risks in your business? When do you become liable as an insurance broker? Few players offer this type of contract and the prices and guarantees are not always well presented. We explain everything to you and give you a list of the best insurance for broker.

Summary

    What are the best RC pro for an insurance broker?
    How does the insurance broker's Professional Liability insurance work?
    Insurance broker, what are the other compulsory insurances?
    What are the prices of professional insurance for insurance broker?

What are the best RC pro for an insurance broker?

We present here the three main RC Pro insurance contracts suitable for insurance brokers and meeting the requirements of ORIAS.
AIG
Guarantees
Professional liability, operating liability, financial guarantee, defense and recourse
Opinion
The best price on the market. A monthly payment without fees. Free RC Pro IOBSP option. Possibility of adding agents at no extra cost. Contract canceled free of charge in the event of refusal by ORIAS
Rate
€ 693 / year with the broker Coover
APRIL
Guarantees
Professional liability, operating liability, financial guarantee, defense and recourse
Opinion
A contract only available to APRIL partner brokers. Not available for a broker starting up business.
Rate
Quotation
CGPA
Guarantees
RC pro, RC operating, Financial guarantee, RC of the Corporate Officer
Opinion
A long-standing player specializing in regulated professions (insurance and credit broker, agent, CIF). A quality contract but a cumbersome subscription process with a paper questionnaire.
Rate
Quotation
How does the insurance broker's Professional Liability insurance work?

The profession of IAS (insurance intermediary) is a profession regulated by ORIAS and under the supervision of the ACPR. Liability Pro is therefore compulsory and the contract must have a ceiling at least equal to 2 million euros per year and 500,000 € per claim. A broker who collects funds from his clients must also be covered by a financial guarantee.

The RCP insurance broker protects you in the event of damage caused to a third party during your professional activity. This also concerns material, immaterial and bodily damage.
Civil liability pro
Main risks
Liability brought into play by a client who considers that the broker has not properly fulfilled his duty to advise.
Probability
High
Comments
The guarantee limits of the contract are sufficient to protect you. If you carry out a management activity, make sure that it does not constitute an exclusion from the contract
Financial guarantee
Main risks
Requested by your partner insurers if you collect the funds. It covers the risk in the event of misappropriation of premium money owed to the insurer.
Probability
Weak
Comments
Make sure the contract covers cash collection. Certain financial guarantees are ineffective.
Guarantee of recourse and criminal defense
Main risks
Proceedings initiated by your clients in the event of professional misconduct
Probability
High
Comments
Very useful if the event is excluded from the liability guarantee. Attention, exclusion of professional acts prohibited by law or not authorized for the insured
Juridic protection
Main risks
Litigation with an insurer, another broker or a client.
Probability
High
Comments
Very rarely included in RC Pro broker contracts.
Insurance broker, what are the other compulsory insurances?
Mutual health
Status
Mandatory if you have employees. Optional if you are self-employed.
advice
If you are an employee, the choice of the complementary is made by the company. If you are liberal, you will have to find a TNS mutual fund yourself (you can deduct the contributions from your income)
Car Insurance
Status
Mandatory if you use a vehicle while performing your duties
advice
If your vehicle is already personally insured, do not forget to include professional use in your contract (this is often possible).
Professional multi-risk
Status
Mandatory if you have a private workplace (practice)
advice
Covers your business premises and loss of activity linked to a disaster (fire, burglary, etc.)
Foresight
Status
Optional
advice