ASK YOURSELF

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Questions to ask your firm

Thank you for taking the time to visit our website. Below you will find several questions to ask your firm:

  • Have you considered the implications to your business of the Insurance Act 2015 which came into effect in August 2016?
  • Do you have access to the integrated financial model which you use to measure and stress-test your business for financial viability?
  • Does your Compliance Plan incorporate a Financial Risk Index and control framework incorporating all the latest regulatory risk concerns?
  • Has your firm implemented a programme to combat the threat of cyber-crime and considered all of the insurance options to protect the firm in the event of cyber-attack?
  • Do you have enough cash available to pay for the excesses under your PI policy and do you know the current rating of your PI Insurer?
  • When did you last review the appropriateness of your structure, for example have you considered forming an ABS or an MDP as part of your succession or exit planning?
  • In light of the possibility of negative interest, when did you last review your Interest Policy and TOB?
  • Will you as a business struggle to answer any of these questions? If so, contact Financial Eye TODAY

Will you or your business struggle to answer some of these questions? If so, contact Financial Eye TODAY…

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