Broker Training – Commercial Legal Expenses
Commercial Legal Sales Process
The Lexelle Commercial Legal Expenses may be offered either standalone or as an optional additional cover to a Businesses main Professional Indemnity insurance policy and offers cover for a range of common potential business legal issues that can arise.
It is important to run though the following key product features, covers, special restrictions and some important areas that would not be covered by the policy as a minimum set of declarations prior to the sale of the policy.
Click here to see the cover level differences between Commercial Legal Standard and Commercial Legal Plus
Commercial Legal Summary of Key Covers
For all policy sections the maximum amount payable in respect of any one claim is £50,000. The maximum amount payable for all Claims notified during the annual period of insurance is £500,000. (Note: other specific limits apply to various sections of the policy as detailed in the various policy cover sections summarised below).
Commercial Legal Summary of Key Exclusions
It is important to ensure that the policyholder is made aware of the following key policy conditions and exclusions prior to purchase of this policy. These are the key exclusions, a full list of all exclusions that apply are detailed in the relevant cover section within the main policy terms and conditions that must be issued to the policyholder together with a policy schedule at point of sale.
Commercial Legal Policy Conditions and General Exclusions