A new portal to compare legal indemnity insurance has been launched by LawSure, a legal indemnity broker and part of the Clear Group.
ClearLi provides quote comparisons from three legal indemnity insurers on a single platform giving users access to quotes for residential and selected commercial property risks. Users can compare up to three quotes, reviewing coverage details, terms, and premiums, before selecting the most appropriate policy for their needs.
Dan Brown, divisional director at LawSure said: “This is an exciting development and one that we believe has the potential to disrupt the market. There are over 1.1 million property transactions each year and our data shows that between 20% and 30% of them require some form of legal indemnity cover. By providing access to multiple insurers in one place, ClearLi significantly speeds up the process and helps solicitors deliver a better experience for their clients.”
At launch, Clear Group said the platform provides access to a suite of title indemnity products, including discounted bundle options for selected risks. All quotes and policy documentation are stored within the system and can be downloaded at any time. ClearLi has been built in house by Brokertech, a technology development company also owned by the Clear Group.
Phil Williams, CEO, UK Retail at the Clear Group said “ Legal indemnity insurance is a key market for us and we are making continued investment in new technology to support its growth. ClearLi simplifies how cover is sourced and delivers choice, efficiency and transparency for legal professionals at no additional cost.”
