Whether you're dealing with a routine property transaction or encounter a problem that threatens to hold up a sale or a development, you need it solved quickly and in the most cost-effective way.
Legal Indemnity Insurance protects those with financial interest in a property, such as owners, developers and lenders, from a wide range of title defects and other associated risks.
Whether an issue cannot be resolved or doing so would present an ongoing risk and likely result in financial loss, obtaining Indemnity Insurance is a means of mitigating risk.
With cover available for properties ranging from a single residential transaction to large scale development, Indemnity Insurance can be obtained for peace of mind, to cap the client’s exposure or simply save time.
Indemnity risks can arise at any stage in a property’s life cycle which can, in turn, hold up a sale or a development. As a result, you need a resolution to be reached quickly and in a cost-effective way. That’s where we come in.
As well as the standard range of covers, we can assist with more bespoke solutions such as Rights of Light, agreed conduct, dispute risk, wills and probate, and other risks.
We collate the information you have provided and present the identified risks to the market on your behalf. When we hear back from the insurers, we then compare the terms offered and provide our recommendations and reasoning on which is the most appropriate for the client. Not only do we take into consideration the competitiveness of premium but also the specific differences within the terms (such as any conditions, exclusions, etc.). The success of this process is supported by our long-standing relationships with these markets.
Here are just some of the covers we can offer. As well as the standard range, we can assist with more bespoke solutions such as agreed conduct, pre-planning and dispute risks.
Adverse possession
Absence of easement
Chancel repair
Contaminated land
Defective lease
Easements
Forfeiture of lease
Insolvency
Judicial review
Manorial rights
Mineral rights
Missing or illegible documents
Planning and building regulations risks
Restrictive covenants
Rights of Light
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Title wrappers for portfolio sales
Wills and probate
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Simple transactions can be completed quickly, while more complex risks may take 24 to 48 hours. We will always aim to respond to your query on the same day.
Our legal indemnities guide outlines the information required.
We will require you to complete a proposal form for more complex risks, such as right of light, missing beneficiary or lost share certificates.
Yes.
Many underwriters add an 'escalator clause'. This raises the indemnity limit by an agreed percentage over an agreed number of years. Contact us to learn more.
A copy of the original submission is normally available from the underwriters. They will consider any cover changes or amendments on request. Contact us to learn more.
There is no set formula for calculating the limit of indemnity.
However, most lenders will require a sum equal to that of the purchase price of the property or full development value. If you wish to obtain varied limits for due consideration, we would be happy to accommodate this request.
Industry-recognised for being people-first, our team of specialists supports start-ups, SMEs, corporates, multinationals and individuals.
We offer broad and bespoke sector specialist insurance solutions for peace of mind.
In recognition of our commitment to maintaining the highest standards of knowledge, ethical practice and guidance.
We're dedicated to providing exceptional customer service to respond proactively to the needs of our clients.
We are a registered Lloyd's broker, giving us direct access to a unique pool of underwriting expertise in the Lloyd's global marketplace.
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