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The uncertainties surrounding the Insurance Distribution Directive (IDD) continue to rumble on and, even after five years, we regularly hear feedback which suggests that there are still some conflicting interpretations.

One of the main questions we are faced with is around whether or not you need to get multiple quotes when obtaining legal indemnity insurance. The simple answer is, you don’t.

The main emphasis of the Directive is actually quite simple; to ensure customers are better informed about the policy they’re buying, rather than simply focusing on price. The IDD makes no explicit mention of any requirement to obtain multiple quotes. The SRA’s guidance for firms arranging legal indemnity cover simply highlights that they should review their insurance provider(s) periodically to ensure they’re still suitable for their target market.

Deal directly with the experts

Thousands of legal professionals are already complying with the IDD by approaching Countrywide to arrange legal indemnity insurance for their clients. We offer direct access to the largest team of underwriting experts, who deliver a level of service unmatched by any other provider in the market. Our premiums are extremely competitive and all of the policies we issue are provided by Liberty Legal Indemnities – a UK-regulated ‘A’ rated insurer. What’s more, our experienced in-house claims team deal with all claims on our policies, managing the entire process on behalf of your client.

So you can rest assured, whether Countrywide is your only source for a legal indemnity quotation, or if your firm opts to get multiple quotes and we’re one of them, you can feel confident that you are acting in the best interests of your client while complying with the IDD requirements.

Call us on 01603 617617, email enquiries@cli.co.uk or visit cli.co.uk to get an instant online quote.