Are you aware that the PADI-endorsed cover from Higos Insurance Services Ltd was created to meet the needs of PADI Professionals residing in the UK and Ireland?
Now is the time to review your coverage and make sure that it provides you with the best protection! The checklist below will help you to compare the PADI endorsed cover against other policies that you may be considering.
FCA Approved – Financial security provided by a UK Financial Conduct Authority authorised insurance broker
| Benefits of PADI- endorsed cover | PADI-Endorsed Cover | XYZ Policy? | |
|---|---|---|---|
| No Excess | You pay no contribution towards a claim – All defence and claims payments for covered claims are paid by the insurance | ✔ | |
| Unlimited Defence Costs | Defence costs are paid in addition to policy limits (except claims filed in the USA and Canada, where defence costs are included in the limits) | ✔ | |
| Equipment Liability | Included | ✔ | |
| Technical Diving Coverage | No additional charge for teaching or supervising technical diving activities to 100m/330 feet | ✔ | |
| No Geographical Limits | The policy is worldwide, including the USA and Canada | ✔ | |
| Outstanding Insurance Underwriter | Backed by AIG Europe Ltd, one of the largest insurance providers in Europe and also authorised by the Financial Conduct Authority | ✔ | |
| Notification | Your insurance cover is automatically reported to PADI EMEA | ✔ | |
| Flexible Policy Limits | £500,000 per occurrence,/£1,000,000 aggregate, or £1,000,000 per occurrence/£2,000,000 aggregate; higher limits available on request | ✔ | |
| Automatic Renewal | Option to have your policy renewed automatically each year | ✔ | |
| Retroactive date/Prior Acts Coverage | Back to June 1992 in respect of claims first brought against you after you join the scheme, that relate to prior acts, provided you have maintained insurance cover under any policy with no gap in cover | ✔ |
*To maximise the benefits negotiated with the insurers under the scheme all policies are renewable on 1st July each year. You can however, join the scheme at any time and to allow for this, premiums are reduced quarterly – see www.diveinsure.co.uk for latest costs. A full 12 month policy is then issued from the following July.
PADI-endorsed cover provides reliable protection for PADI Professionals operating in the UK and Ireland. All benefits shown above are subject to the terms and conditions of the Master Policy, a copy of which is available on request. For more information or to apply for cover online, please visit www.diveinsure.co.uk. If you have specific questions about the benefits and cover and would like to speak to a Consultant, please call Higos Insurance Services Ltd directly on 01275 876678.
If you are covered through a Dive Centre or Resort group insurance policy, we’ll need to receive notification directly from the Dive Centre/Resort Manager of your continuous coverage after the expiration date of the current policy.
It’s important to note that your cover through a Dive Centre or Resort’s group professional policy may not cover you for independent teaching. If you are also teaching outside the store or resort, we recommend you hold your own individual professional liability insurance.
All information regarding insurance is provided by, and issued on behalf of, Higos Insurance Services Ltd with whom PADI EMEA Ltd is authorised by the Financial Conduct Authority as Introducer Appointed Representative.
PADI EMEA Ltd is an Introducer Appointed Representative of Higos Insurance Services Ltd who are authorised and regulated by the Financial Conduct Authority FRN no: 302690.
