Arc Legal Assistance, a UK-based specialist provider of legal expenses insurance, has announced the launch of a dedicated yachting and marine pleasure craft legal expenses cover and claims service. The company said it would “target growth with an enhanced product and panel of leading maritime law firms to handle claims.
“Arc Legal provides tailored legal expense solutions to a number of niche sectors in the insurance market. The company has utilised this approach and its flexible business model to provide a product that meets the specific requirements of the yachting and marine pleasure craft sector.”
The bulletin explained that the “Marine Legal Expenses product offers a range of benefits not included as standard in competitor offerings. These include cover over a wider cruising range, repatriation and mechanical breakdown cover and a 365 day technical helpline manned by marine technical experts. Other key product features include identity theft cover, a personal risk advice line and a concierge service providing assistance in arranging medical information and travel and translation services
“Another important differentiator will be its claims service which will be run by a legal panel comprising of expert solicitors from the top three marine law firms – LA Marine for Lester Aldridge Solicitors LLP, Ashfords and Hill Dickinson.”
Arc Legal Director Richard Finan commented: “We see a clear opportunity to provide a market-leading product backed by a responsive and targeted claims service that ensures marine experts are used to handle the sometimes complex nature of claims in this area. We have demonstrated in other sectors how we can deliver niche products to customer groups with very specific ‘non-standard’ needs.”
The first two brokers to appoint Arc Legal as marine legal expenses provider are Heath Lambert and Topsail Insurance. Finan added: “These two contract wins confirm our intention to build a strong position in the marine sector based on a competitive product which enables brokers to offer a comprehensive and expert solution to their clients.”
Source: Arc Legal – www.arclegal.co.uk
Topics New Markets
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