Conveyancers PI we Comply

Conveyancers PI we Comply

The Legal Services Board (LSB) has approved the Council of Licensed Conveyancers (CLC) proposal for practices to move away from its Master Policy with an opt-out for Professional Indemnity Insurance to a more competitive open-market approach. Instead, five insurers have signed up to a Participating Insurers Agreement setting out Minimum Terms and Conditions of cover. CLC regulated entities are now free to choose from all Participating Insurers.

Professional Indemnity specialists and recommended insurance broker to The Society of Licensed Conveyancers (SLC), Howden are one of the brokers offering a CLC compliant PI facility underwritten by participating A-rated insurers Pioneer and Channel. The policy is approved by the Council for Licensed Conveyancers (CLC) and compliant with the regulator’s minimum terms and conditions, including the provision of the newly available free run off provision for firms insured under the 01/07/2016 policy period.

Regulated firms regardless of size are serviced by the same team of over 20 specialists with each risk broked individually. Members of the SLC and the Conveyancing Association also receive a discount of 5% or minimum £300 on their PI premium.

This article was submitted to be published by Howden Group UK Limited as part of their advertising agreement with Today’s Conveyancer. The views expressed in this article are those of the submitter and not those of Today’s Conveyancer. 

Howden UK Group Ltd

http://www.howdengroup.co.uk/en/business-products/professional-indemnity/conveyancers/

Howden’s Professional Indemnity division is one of the UK’s most respected and experienced Professional Indemnity Insurance (PII) broking teams.

Howden is the recommended insurance broker for members of The Society of Licensed Conveyancers and an official partner to The Conveyancing Association. We provide cover that is approved by the Council for Licensed Conveyancers (CLC) and compliant with the regulator’s minimum terms and conditions.

“We made a 33% saving on our Professional Indemnity Insurance premium for the year, for exactly the same policy terms as the CLC Master policy. The service was prompt and we received our insurance quote in good time before the deadline – which made a pleasant change. I would thoroughly recommend that all Licensed Conveyancers consider their professional indemnity insurance options very seriously. I am aware that other leading Licensed Conveyancing practices have also made significant savings and have been pleased with the served received.”

Lloyd Davies, Managing Director, Convey Law.


Contact: Edward Donne

Tel: 020 713 1300

Email: [email protected]

 

Leave a Reply

Your email address will not be published.

X