January 5th 2005. New Financial Services Authority (FSA) regulations require any dealer offering credit protection, gap, vehicle asset, extended warranty, breakdown/recovery services, key fob, MOT, tyre, exhaust or motor insurance to register with the FSA by January 14th 2005. This means, in turn, that they must, by law, acquire professional indemnity insurance to cover them for damages and legal costs arising from claims of breaches of professional duty such as providing incorrect or misleading advice.

In response, Carole Nash has launched a range of indemnity policies for dealers. These cost from £500 per annum and provide up to £1 million in cover. This follows the company's introduction of specialist trade insurance.

For further information, contact Warren Dickson at Carole Nash: 0161 927 2416 or e-mail: