Conveyancing Indemnities
As an experienced provider of After The Event (ATE) insurance to lawyers and their clients, we are well aware that solicitors also have a need for other client-facing legal indemnity insurance policies, particularly when it comes to conveyancing.
We are dedicated to listening to our clients and know how time consuming managing policies can be for solicitors. We take this into account in the way we inform and pick the products and the insurer that we work with.
Each of the conveyancing indemnity insurance policies is shaped by expert knowledge and working with law firms, and the wider Prosperity Group. That specialist expertise is poured into how we work, and each client will have their own dedicated Account Manager who will work closely with them to ensure the indemnity policies are working for them.
Prosperity Insurance can assist you with access to a simple and clear online facility that can quote a premium within seconds and issue a policy within a few minutes.
We can provide a facility for most of the commonly required policies such as:
Download our brochure here:
This list is not exhaustive and we are continually developing what covers we can offer in response to our client’s needs. So, if you don’t see the exact policy you need here then get in touch and we will look into adding it as a product offering!
Why is indemnity insurance needed for property sales?
Solicitors must comply with the Solicitors’ Code of Conduct, the set of rules and regulations on the standard of professional conduct expected of solicitors in England & Wales. As part of this code, they are professionally obliged to always act in their clients’ best interests.
As a result, a conveyancing lawyer must give proper detailed advice to their client at all times, firstly about whether there is a legal defect in a property at all (giving full clarity as to exactly what that is), and then the various options to help the client make an informed decision on how to address the buyer’s worry, and any request for possible insurance.
In this case, the solicitor or conveyancer will advise their client about conveyancing indemnity insurance.
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ATE
Insurance
ATE Insurance is an insurance policy that protects and covers a client who wants to pursue a claim against the risk of having to pay their opponents legal costs and disbursements if the case is unsuccessful.
Executor Liability Insurance
An Executor Liability Insurance policy ensures that should a claim be brought against the Estate that your client’s legal costs will be insured (subject to the policy Terms and Conditions).
