12th June 2009

The National Approved Letting Scheme (NALS) has formally appointed Kerry London Professional Risks as its preferred Professional Indemnity Insurance provider.

In order to secure the most competitive Professional Indemnity (PI) package possible for its 1,350 accredited letting agents, NALS put its PI contract out to tender at the beginning of the year. Following a thorough pitch process, Kerry London was awarded the contract. Effective 1st June 2009, Kerry London together with one of the UK’s leading commercial insurers, Brit Insurance, devised a bespoke scheme that meets the specific requirements of both letting and managing agents.

Caroline Pickering, NALS Chair, explains that ensuring letting firms have access to the right professional provisions is key.

“Safeguards such as a comprehensive Professional Indemnity scheme are essential to maintaining consumer confidence,” she says. “During the tendering process, Kerry London presented us with an excellent proposition. We feel the scheme put forward is absolutely right for NALS firms and that this relationship can only strengthen going forward. We also believe that access to this new scheme is an additional benefit of NALS accreditation.”.

In addition to its well-established history within the letting sector, Kerry London has already added value to NALS member firms, providing them with the option to pay interest free premiums over 10 months; a dedicated response team; and easily accessible claims handling and compliance services.

As a Government-recognised organisation, NALS continues to regulate lettings and management agents operating in the private rented sector, in the interest of consumer protection. NALS provides an achievable set of criteria that lettings professionals must adhere to in order to attain accreditation and the NALS kitemark.