Independent broker BWP has launched an online wholesale professional indemnity (PI) facility.
BWP claims the system will slash brokers' costs and provide faster ways to place and process business.
The facility, available on BWP's website at braywintourpatis.com, enables brokers to undertake instant quotes, proposal forms and binding business online.
BWP director Peter Newson said: "Our facility provides brokers with the ability to place specific types of PI risks far more quickly and cost-effectively than has previously been possible.
"We have stripped out unnecessary information and have focused on providing brokers and their clients with access to relevant data and best-in-market rates while at the same time making the whole process far simpler.
"Using the web and making it truly interactive is an important way of attracting PI business from companies that may have been put off from finding cover by the perception that it is complex to place and costly."
