2 min read: ARC LEGAL IN THE NEWS… ‘TIS THE SEASON TO RECEIVE CLAIMS ABOUT...
The first strains of Christmas music are in the air and Mariah Carey is...
Arc Legal Assistance (Arc Legal), a leading provider of legal protection insurance, has secured a product and distribution deal with leading marine insurance provider Haven Knox-Johnston for an enhanced scheme offering new and unique elements of cover to pleasure craft owners.
Arc Legal has developed a fully bespoke scheme for Haven Knox-Johnston with a range of new and extended covers and support for pleasure craft owners. In addition to standard uninsured loss recovery, personal injury, contract and prosecution cover Arc Legal has introduced some brand new covers not previously available in the marine market.
For the first time insured’s will be covered for the costs of chartering another boat if their boat is damaged in a non-fault accident.
To address the growing problem of identify fraud, Arc Legal is the first provider to offer dedicated cover for the costs of a specialist solicitor to provide advice and assistance in the event of an insured’s personal or boat identity being stolen.
Haven Knox-Johnston, part of the Amlin Group, are one of the largest providers of boat insurance in the UK, specialising in the insurance of pleasure craft, sailing and motor boats, small craft or speedboats, based in the UK, Europe, and around the world. The deal will also see Haven Knox-Johnston market and distribute the product on a wholesale basis to its corporate partner clients as well as it’s general supporting broker market, allowing access to the product under a delegated authority arrangement.
This new deal continues the growth of Arc Legal’s dedicated marine legal protection and claims service, launched in August 2010. By offering enhanced cover and a panel of leading maritime law firms to handle claims, the firm is targeting further growth in the market with a number of new broker’s deals being completed in the coming months.
Commenting on Arc Legal’s growing presence in the marine legal expenses market, Director Richard Finan said: “We have seen excellent growth in our marine and pleasure craft business since coming to market last year. This partnership with Haven Knox-Johnston takes us to the next level in terms of the cover, services and distribution options available. This clearly demonstrates the benefits of our bespoke approach and commitment to the market.”
“At a time of uncertainty about some providers in the market, we are able to offer brokers easier access to a best of breed product backed by specialist marine legal and claims expertise, so not just peace of mind but a new standard for market.”
John Macaulay, General Manager for Haven Knox-Johnston (who is also Chairman of the British Marine Federations’ Insurance, Finance and Legal Services Association), said: “Arc Legal has established itself as an innovative and responsive provider in the pleasure craft sector. They have listened and clearly understood the needs of our clients and broking partners and, as a result, have delivered an excellent scheme with a number of brand new features and extended levels of cover. Our distribution deal with Arc Legal provides them with distribution reach and further extends the range of products that we are able to offer our supporting brokers and clients”
For further details contact David Readman at Haven Knox-Johnston on 07867 521074.