Commercial Protect Scheme
Following the success of the Employer Protection Scheme, and to meet the demands of our more proactive law firms, we are now able to offer a similar insurance model to transfer the risk of regulation, compliance and litigation costs away from the balance sheet of your commercial or charitable clients. This is now an embedded part of the Albion Legal Support plan and gives firms a unique edge against competitors when trying to retain and win new commercial clients.
In basic terms, you can subscribe to a facility that appoints you as a claims handler on behalf of insurers for the following sections of legal expenses cover - either in combination or in isolation as you require.
Contract Disputes and Debt Recovery
Your client they will be covered for the costs of litigation and the inurers will pay you for handling their contractual disputes or bad debt situations under this scheme.
Click here for further information
Compliance and Regulation
Offered in isolation, this is an innovative insurance facility for solicitors who specialise in licensing and regulatory matters. It will enable your firm to offer a whole range of clients - whether commercial or charitable - an insurance scheme that covers your representation costs relating to investigation, compliance and regulation. Organisations that are subject to the rules and conditions of trade associations, professional bodies or regulators place a great deal of importance on risk-managing their exposure to being investigated, disciplined or barred from trading. Offering a solution that transfers the cost of these potential regulation and compliance issues away from a client’s balance sheet as part of a non-contentious advisory service could prove to be highly attractive for all parties.
Click here for further information
Not Just Panel Work
The claims handling agreements have been formulated to allow you to control the claims on behalf of your clients and to pay an attractive fee or hourly rate in accordance with the nature of the claim.
Key Benefits
This will enable your firm to offer an upfront litigation management and protection package for contentious commercial law issues. This locks the client into using your firm's commercial law services as a condition of the policy.
For clients it means they can pay an arranged monthly fee and get your legal advice on demand thus avoiding unexpected legal bills in the future. This payment method is more attractive and cost-effective in today’s economic climate where cash flow is key.
In Addition
Albion will assist fully in installation, training, and sales support. We represent your interests and claims handling requirements to insurers.
sales functionality, practice management, sales recruitment, telemarketing, news bulletins, sales support, sales consultants, selling legal services, clementi, legal services act, employment law, legal expenses insurance, claims handling, Tesco law, albion legal support, legal support plan, commercial client penetration and retention, retainers, funding, legal services market, client fee income, initial consultation, bespoke services, employer protection scheme, claims handling authorisation, policy training, FSA compliance, product r&d consultation, marketing assistance, sales training, health & safety, health and safety,