Lost in the process
Often overlooked, legal expenses insurance (LEI) can provide a extra revenue for the broker and peace of mind for the client. David Gilchrist, schemes development manager at Composite Legal Expenses explains why there is a need for greater understanding of the product to Sarah Hills
Schemes have always had an important role to play in legal expenses insurance (LEI), however as a non-statutory requirement in an insurance package, the cover can often find itself on the chopping board because of a lack of understanding of the benefits it can bring a broker and his client.
LEI cover guards against the risk of a business becoming involved in legal disputes within the duration of the policy. The very nature of schemes is that they may present a higher risk of legal problems, but
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