The online comparison service provides firms and their clients with an opportunity to search, choose and buy legal indemnity policies in a clear and simple format.
The Conveyancing Association has partnered with underwriting agency DUAL Asset Underwriting to launch an online service allowing conveyancing firms to arrange legal indemnity insurance for residential transactions.
The online comparison service provides firms and their clients with an opportunity to search, choose and buy legal indemnity policies in a clear and simple format.
Users of the service go initially answer a common set of underwriting questions, move on to obtain and compare at least three quotes from leading insurers after which they can order and receive their policy in seconds.
The system has been launched with three insurers, Royal & Sun Alliance, XL Catlin and Elite Insurance Company Ltd, with more to follow.
Lloyd Davies, operations director at the Conveyancing Association, said: “At present the system for sourcing and securing legal indemnity insurance is particularly convoluted and provides little choice unless you are willing to go through multiple online applications.
“By launching this new partnership and system with DUAL, the Association is able to offer conveyancing firms the ability to source like-for-like policies across a number of different insurers and search up to 40 different risks online.
“It therefore provides a much more ‘Treating Customers Fairly’-focused service for firms and is a smarter and safer way to arrange legal indemnity quotes and policies. We at the Association certainly believe that firms and their clients have much to gain from using this system and we are wholeheartedly recommending the service to our members.”
