The service is provided in conjunction with ‘partner member’ company Capital Growth, plus underwriter Ace Europe Group.
Feifa chief executive Paul Stanfield said the facility had been made available amid concerns that premiums offered by other insurers were rising to exorbitant levels.
“Many of our members have complained about either the increasing difficulty in obtaining such cover or excessive premium rises, we have thus spent some time looking at a way to assist them in this regard.”
Stanfield said Ace has offices in all countries in which Feifa members operate and can issue policy documents in local languages as well as English.
A standard Feifa member PII policy has been created, said Stanfield, though noted it can be adapted to meet individual member needs and local country regulation and laws.
He further noted that Ace Group was AA-rated and issued its policies under the Lloyd’s of London stamp.
