Bespoke Commercial Litigation Product
LPSC can also offer
Bespoke policies which are specifically designed for your client’s
individual case, providing varying levels of indemnity for higher risk and higher
value claims.
The Bespoke policy can be uniquely tailored to the exact requirements of your client’s
case and is suitable for larger or more complex cases. In order to obtain a Bespoke
insurance policy for your client through LPSC you need to be acting on a Conditional
Fee Agreement (CFA) which is compliant with the relevant SRA regulations, Civil
Procedure Rules and Cost Practice Directions.
The premium is usually fully deferred and payable on conclusion of a successful
case. The premium will be recoverable from the losing party along with your own
costs. Should the case be unsuccessful the client would not become liable for the
premium. This means win or lose, the client does not meet the cost of the premium.
It is imperative that the policy conditions and other requirements are adhered to
at all times.
By applying for your policy through LPSC you will benefit from exceptional service.
You will also be providing your client with cover which specifically addresses the
needs of their case.
Bespoke Policy Benefits
- Underwritten by typically A and A- rated UK based insurers
- Up to £1,000,000 limit of indemnity, [sometimes higher in exceptional cases]
- Deferred premiums available
- Tailor made policy wording specific to case
- Premiums based on required Limit of Indemnity and assessed risk
- Policy cover for shortfall on premium recovery
In order to ensure a spread of risk we prefer to receive proposals as soon as an
assessment of the merits of the case is possible. By doing this you can ensure your
client has the best cover at the earliest stage possible and your client is fully
protected until the conclusion of the case.
If you have any questions in regards to the application or the policies please don’t
hesitate to
contact our team who will be happy to
help.