Regulatory Response Insurance protects against fines and defence costs arising from proceedings brought by any regulatory body {eg SRA, FCA, HSE.} against either the practice or those individuals performing regulatory functions within the firm (for example, the firm's COLP, COFA or MLRO).
The Lockton Regulatory Response policy is simple, clear and affordable - and is ideally suited to the needs of a small to medium-sized firm seeking to protect itself against the potential costs of regulatory breaches.
The policy is very cost effective, providing cover only for insurance regulatory breaches. You benefit from a number of pre-set cover options, with upfront set-rate premiums, making it easy to take out only the cover you actually need, at a cost you can afford.
For more information contact our Solicitors' Team.
