After the successful launch of their ‘re-imagined’ legal expenses insurance for businesses, Epoq unveils product for landlords in partnership with Temple Legal Protection.
Landlords face the risk of a range of legal issues including rent default, eviction, property damage and regulatory compliance matters, exposing them to thousands of Pounds in solicitors’ fees or worse.
Traditional legal expenses insurance (LEI) generally takes a reactive stance toward legal and compliance risks by covering the expenses involved in pursuing or defending a claim. It only provides coverage for legal costs if the underwriter believes there are reasonable prospects of winning the case.
Epoq’s legal expenses policy for landlords provides policyholders with day-1 value through access to LegalAde, helping brokers meet their FCA Consumer Duty obligations.
Emile Gerber, Head of LegalAde says, “After the successful launch of our business legal expenses insurance product, we’ve had an increased demand by brokers to develop an equivalent product for landlords. Our range of legal expenses products for businesses and landlords are designed to support the FCA’s Consumer Duty, making landlords legal obligations easy to understand, meet legal and compliance obligations and offer real value given the cost of traditional solicitors, backed with advice and support.”
LegalAde offers a comprehensive selection of smart contracts, notices, and letters tailored for use in England, Wales, Scotland, and Northern Ireland. Policyholders can also rely on lawyers to review and customize documents based on their specific needs and circumstances. The service includes 24/7 legal advice, an online landlord advisor to help landlords follow correct procedures, and a variety of legal guides. Additionally, policyholders have access to barristers who can draft bespoke letters before action to help avoid filing an LEI claim. Importantly, policyholders can submit pre-existing documents to Epoq’s lawyers for review and guidance.
Unlike most providers, the legal team offering advice and document reviews is regulated and authorised by the Solicitors Regulation Authority. This ensures that brokers can trust in the quality and reliability of the legal support their clients receive.
Sean Fayle, Senior Underwriting Manager at Temple Legal Protection says, “At Temple Legal we believe informed and empowered policyholders hold the key to reducing damaging legal disputes and insurance claims. Our joint proposition has been developed with this in mind. By combining the practical and accessible legal advice and document services with the safety net of legal expenses insurance, policyholders are afforded a more complete and holistic way to manage their legal and compliance affairs.”
Epoq’s legal expenses insurance is available for distribution via brokers and includes A-rated insurance underwritten by RSA and administered by Temple Legal Protection.
