The Experts in Retainer based Insurance for Law Firms
The employment workplace has changed. High fees have led to fewer claims but motivated claimants have created more complexity and ever increasing legal costs for the unwary employer. ‘Direct law’ firms are having your client base for breakfast and the proliferation of commercial legal expenses does not help either. Clients are demanding ‘insurance indemnity’ as well as hands on assistance.
There is only one specialist intermediary that really understands the market and the way you need to operate within it.
We think that's us. Our sole motivation is to help you win business.
What's special about us?
How it all works. The key is an alignment of interests - we only work with one law firm in each town and unless we help you close a sale we earn no commission for the work we do. Flexibility is important too. No two clients are exactly the same so why should their policies be identical?
We recognise that solicitors have no motivation to offer insurance unless you benefit from the claims work your clients create. So what we set out to do is to allow you to act as the appointed ‘panel’ solicitor for all of the clients you introduce to our TLC insurance products.
In simple terms, the clients daily requirements for advice and ‘pastoral care’ are paid for by your retainer, then if they have issues that qualify as potential claims, the insurance indemnity takes over paying for your representation and awards for compensation made against the client.
Unlike traditional employment departments who specialise in solving problems after they occur - with intermittent cash flow and no indemnity for claims, solicitors who commit to the retainer model have regular cashflow and with volume of work, can reduce their cost base significantly as more junior fee earners take over routine tasks. The trick is to recognise that if you keep clients out of Tribunals, they can benefit from lower insurance costs and in turn this reduces the overall cost of your package of services with insurance.
