Secondary Intermediaries are defined by the Financial Services Authority (FSA) as 'firms that conduct general insurance, but not as their main business activity'. Secondary intermediaries include firms such as car showrooms, mobile phone companies and vets selling some form of insurance as a secondary line of business.

Other Secondary Intermediaries may include:

• Affinity groups, sports and social clubs and associations
• Antique dealers/Jewellers
• Doctors, dentists
• Electrical retailers
• Employers & trade unions
• Housing associations & property managers
• Opticians
• Property associations

In 2005 all firms offering this insurance were required to have authorisation by the FSA.

The FSA regulations state that a secondary intermediary must have professional indemnity insurance to the value of €1 million, currently approximately £700,000, for a single claim or €1.5 million, currently approximately £1.1 million, in the aggregate.

Collegiate offer indemnity limits equivalent sterling to €1 million any one claim. Higher limits are available to suit individual firm requirements.

Our policy wording includes:

• FSA - Compliant cover
• Ombudsman cover

For further information on the cover we provide please click on the 'Secondary Intermediaries fact sheet opposite'