Ward Evans Group is negotiating to offer all of its clients 100% premium protection by the end of August.
The Leeds-based broker was unaffected by the collapse of Independent Insurance, but chief executive Mike Kenney said the liquidation prompted the company to ensure its clients were protected against any similar events.
Kenney said the new cover (details and cost of which will be announced next month) would fill the gaps in protection available through the Policyholders' Protection Act.
“Ward Evans is looking to take positive steps in the next few weeks to offer all its customers additional indemnity to safeguard against a repeat of the Independent collapse,” Kenney said.
“Many businesses and individuals buying insurance don't understand just how many parties are involved in providing cover and therefore what risks they face from the collapse of a business in the chair providing their cover.”