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Support for insurance brokers (Broker-Legal)

 

 

Broker-Legal™ offers insurance brokers easy access to a comprehensive package of legal support for themselves and their customers. The service is based on a deep understanding of the insurance sector and includes:

• Drafting and reviewing agreements such as introducer appointed representative (IAR) and appointed representative (AR) agreements, multiple principal agreements, insurance distribution agreements, TOBAs and service agreements;
• Advice on questions of law and legal interpretation, given the courts hold brokers liable for incorrect legal advice they give, however well-intentioned;
• Coverage advice including helping to position matters to ensure the best result for clients in difficult claims;
• Advice on the scope of a broker's duty of care to clients (in tort) as part of a risk management strategy;
• Product development support including drafting and reviewing policy wording and marketing material;
• Legal advice on insurance and liability provisions in clients' commercial contracts with third parties;
• FSA compliance advice with the benefit of solicitor/client legal privilege;
• Independent and domicile-neutral captive insurance advice including captive feasibility studies, captive formation and service provider contracts (for further info click here);
• Advice on broker mergers, acquisitions, disposals and other commercial ventures (for further info click here).

Please call Nigel Wallis on 0151 906 1000 or email us via the link below.