Paragon Brokers have recently launched their LawSelect product which combines new A-rated professional indemnity insurance and insurer-funded risk and business management initiatives to support participating firms.
360 Legal Group and CLT have agreed to work exclusively with Paragon to offer this new PII facility to its members. In turn, 360 and CLT will supply some of the risk and business management services to LawSelect members.
The PII insurance is underwritten by an exclusive panel of A-rated insurers comprising Lloyd’s syndicates and company insurers sharing risk on a co-insurance basis. Participating firms must demonstrate best practice and will benefit from competitive and stable insurance premiums.
360 and CLT members need only complete a risk and business management information sheet and supply a proposal form already completed for their existing broker to obtain a competitive quotation for their professional indemnity insurance.
Viv Williams, CEO of 360 Legal Group states “we have been looking for a new entrant into the PII market who values the type of work 360 and CLT has been providing for some time. Paragon has achieved this objective with their new LawSelect product. We look forward to working closely with Paragon both this season and in the future”.
Martin English, Managing Director of CLT commented “the tie up between Paragon and 360 Legal Group and CLT means that firms can now receive cost effective PII as well as resources and support from leading providers in the market.”
Janine Parker, Head of Professions at Paragon said: “We are delighted to be launching LawSelect and bringing new A-rated capacity to the market. We recognise that many firms, especially those small and medium sized, have had a limited choice when selecting their PI insurer. We will support participating firms to achieve their business goals and objectives using with the support of external third party experts such as 360 Legal Group and CLT.