FSCS protection for Berliner Versicherung (BVAG) (“Berliner”) Insurance customers
19th November 2015
The Financial Services Compensation Scheme (FSCS) is stepping in to help customers of Berliner Versicherung (BVAG) (“Berliner”). The Scheme is discussing the failure of Berliner with the firm’s liquidator.
Berliner was a German company operating in the UK under European Directive “passporting” arrangements. FSCS declared the firm in default on 28th August 2015.
FSCS will protect many of the policies Berliner sold in the UK to individuals, small businesses and any policyholder who bought compulsory employers’ liability cover.
The policies Berliner sold which may qualify for FSCS protection include:
- General liability insurance
- Professional indemnity insurance
FSCS Chief Executive, Mark Neale, says: “FSCS protects 90% of the value of the claims relating to general insurance policies with no upper limit. We also protect compulsory insurance, such as Employers’ Liability insurance, and professional indemnity policies at 100%.
“FSCS is here to protect consumers when authorised financial services firms go bust, and we’re stepping in to help policyholders of Berliner.”
Policyholders with Claims.
If you believe you have a claim against Berliner, please contact VRS Certo on T.0113 3879000 or via post at:
FSCS will publish updates about Berliner on its website when more information is available.