Tenet has developed a new scheme to help former advisers gain protection and plug a hole in the professional indemnity insurance market.

Using its wholly-owned subsidiary, Guernsey-based Paragon Insurance, Tenet has created a solution to for ex-Tenet ARs, who currently find themselves exposed to retrospective claims, with no longstop.

Distribution and development director, Keith Richards said: “Offering former advisers the opportunity to take advantage of comprehensive run-off cover has been a Tenet priority for a number of years. Historically