This means that if the insolvency practitioner (the person/company managing the insolvency) accepts them, we will repay these claims in full:
- Third-party motor
- Employers’ liability
- Whole of life assurance
- Term life insurance and/or critical illness insurance*
- Insured personal pensions*
- Annuities*
- Income protection insurance – also known as permanent health insurance or long-term disability insurance*
- Professional indemnity insurance*
- Claims arising from the death or incapacity of a policyholder due to injury, sickness or infirmity (e.g. a death or disablement benefit of a personal accident policy or similar benefit on a motor policy.) *
- Building guarantee policies for firms that failed on or after 8 October 2020. Prior to this, 90% of the value of eligible claims will be repaid.
* If the firm failed on or after 3 July 2015. If before, claims are 90% protected.
See Also
Investments