ARC LEGAL LAUNCHES NEW COMMERCIAL POLICY TRADING PLATFORM

Towergate Insurance – Marine, the retail marine division of Towergate, and Gallagher Heath Insurance Services have signed up to use a new trading platform for Commercial Legal Expenses launched by Arc Legal Assistance (Arc Legal), part of its growth strategy within the commercial protection market.

The system, called Legal for Business, is an online Commercial Legal Expenses quotation and policy management system providing a seamless service for brokers to manage their clients’ Commercial Legal Expenses policies.

Brokers can obtain quotes, bind cover and service policies and renewals via Arc Legal’s new client portal accessed through its website www.arclegal.co.uk. By providing the entire process in one area, the system is designed to save brokers time and reduce the administration required to manage clients’ accounts. Brokers can access Arc Legal’s Commercial & Contract Management teams directly through the system for queries on particular risks or where a quote needs to be referred for review.

Nigel Mills, Managing Director of Towergate Insurance – Marine said: “Trading platforms need to provide brokers with a straightforward and efficient way of securing and retaining business. Arc Legal has achieved this with Legal for Business. It offers just what you need to obtain quotes and bind business with the minimum of fuss.”

The launch of Legal for Business is Arc Legal’s first move into non-scheme Commercial Legal Expenses business and will play a key role in the growth of the company’s commercial market presence. In 2012 the company saw a 100% increase in Commercial Legal Expenses Scheme business with net premium income on this line rising to nearly £3million.

Commenting on the importance of the platform as part of its Commercial Legal Expenses business, Richard Finan, Director of Arc Legal said: “The investment in bringing Legal for Business to the market is an important step forward in our commercial business expansion strategy. It enables us to offer a wider product range to a growing customer base while ensuring we maintain the competitiveness and flexibility of our business model.”