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Arc Legal Assistance (Arc Legal), a leading legal expenses insurance provider, has moved to strengthen its position in the landlord legal protection market with the launch of a commercial rental guarantee product for semi-professional landlords through Swinton Commercial, a major player in the commercial insurance market. The product is part of a new package of protection to be offered by the high street broker.
Arc Legal’s cover responds to the needs of landlords with smaller portfolios of properties by offering cover applicable to the specific exposures they face. The product will provide legal expenses and rental guarantee including protection against legal costs associated with tenant eviction, non-tenant property infringements and tax disputes and defaults in rental payments. The package also includes access to a tenant referencing service through Arc Legal’s partnership with Experian.
Richard Finan, Director of Arc Legal, commented: “Whilst existing commercial landlords insurance products offer a wide cover they tend to be focused on large commercial landlords with big property portfolios. Our product has been developed with Swinton Commercial to fill the gap in protection for the smaller, semi-professional landlord by providing cover that is directly applicable to their situation.”
Finan continued: “We are delighted to have been appointed by Swinton Commercial following their tender process. They have ambitious plans in this sector and we are very happy to be able to support them in their growth.”
Andy Roden, Product development Manager, said: “Arc Legal’s proven track record and experience in the landlord sector and their innovative approach to developing new products and solutions make them an ideal partner for us as we build on our offerings in this growing sector.”
Arc Legal has been appointed by Swinton Commercial to provide both commercial and residential landlord protection as part of its new landlord product offerings. Arc Legal has developed a specific niche in the landlord legal and rent protection market since its launch in 2003. The company now provides services to a range of clients operating in the residential and commercial landlords sector and supports one of the Government’s deposit protection schemes.