The Scheme, which carries exactly the same coverage as the existing PI Master Policy for Licensed Conveyancers, is provided by Lloyds of London insurers. The Scheme is open to all Licensed Conveyancer firms who are encouraged to submit their 2015 proposal form (that which has been/is being submitted to the Master Policy providers will be acceptable) and any up to date claims information toPaul.Crilly@rkhis.com.
RKH will then provide a quotation. The quotation will show two premiums, the full premium and a discounted premium for firms where all their Licensed Conveyancers are members of SLC. If the firm would like to proceed with the quote, opt out forms will need to be completed and sent to the Council for Licensed Conveyancers (CLC) for their approval. Blank opt out forms can be obtained either directly from the CLC or else through the Society by contacting firstname.lastname@example.org.
Read the full Today's Conveyancer article here