QBE has signed a deal to distribute professional indemnity (PI) insurance for motor traders via Safeonline's Coverpoint broking system.

All motor traders who sell insurance products need PI cover as a condition of FSA authorisation.

Motor traders who apply early for PI cover through Safeonline will receive 18 months' cover for the price of 12 months.

A Safeonline spokesman said: "QBE has partnered with Safeonline to assist motor traders in meeting the proper [FSA] requirements."

He added: "Through the Coverpoint system, competitively priced PI insurance will be available. The application process for being approved by the FSA may take up to six months, so it is recommended that all applicants get started as soon as possible."

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