Willis, a WTW business, has launched ProXS, a new Professional Indemnity solution with a CCY40m capacity, designed to provide enhanced and cost-effective coverage for professional companies.

The ProXS solution includes competing panels from Lloyds and company markets. Clients will be able to benefit from pre-agreed discount premiums that guarantee the best market price for a variety of risk mitigation needs.

ProXS provides bespoke coverage options specific to professional firms enabling them to adapt their growth strategies in a changing business environment.

The facility also streamlines the process for mid-term adjustments, offering quick and efficient coverage without the usual complexities and delays. Additionally, it allows for an extended policy period of up to 18 months.

Gary Caley, Head of PI for GB FINEX, Willis, commented: “We pride ourselves on understanding the challenges faced by professional firms in a rapidly changing business environment.

“Helping our clients to meet those challenges and to protect and enable their business is the genesis of ProXS and the insurers we are working with share this same commitment.

Jeremy Wall, Global Head of FINEX, Willis, said: “I am delighted with this latest innovation which will allow us to provide even better protection and choice. ProXS is already providing an enhanced level of certainty to a wide range of our clients and we are confident that it will benefit many other firms in the future.”

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