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Arc Legal Assistance (Arc Legal) has been appointed to provide legal expenses cover for LV= Broker’s (LV=) commercial insurance business, supporting the insurer’s strategy to grow its commercial book and affirming Arc Legal’s growing position in this market.
Arc Legal is working with LV= to provide legal services to its landlord and business customers, and to distribute claims to its panel of solicitors. LV= offers legal expenses cover across its commercial product range and Arc Legal has advised LV= on elements of product development.
Helen Withers, Director of Arc Legal said: “We are delighted to extend our relationship with LV= in this area, which further demonstrates how our business model responds to the evolving needs of our insurer clients.
“We have worked closely with LV= to design a customer-centric claims process using bespoke services provided by LV=’s preferred panel firm. We look forward to working with LV= as it grows its commercial book.”
Mike Crane, Commercial Lines Director at LV=, said: “We have ambitious plans to grow our commercial business in 2015. As the frequency of liability claims continues to increase, it has never been more important for businesses to have legal expenses cover. We have a good relationship with Arc Legal and we look forward to working with them on this.”
The new scheme represents a further increase in the number of Commercial Legal Expenses policies now managed by Arc Legal. There has been significant premium and policy volume growth from the company’s Commercial Legal Expenses Insurance book over the last 12 to 18 months, with a target to have this triple in size by the end of 2015.