Professional indemnity insurance for Legal Costs Assessors
Legal Costs Assessors may be employed in any situation where a rigorous assessment of legal costs is required.
Why do Legal Costs Assessors require professional indemnity insurance?
A Law Costs Draftsman is a specialist lawyer who settles the legal costs of a court case. The basic essential responsibilities of a Legal Costs Assessor are:
- To prepare summaries of costs and points of dispute in respect of claimant and defendant personal injury cases
- Provide advice in relation to lawsuit costs
- To negotiate the settlement of costs, and when settlement negotiations prove unsuccessful issue proceedings
- Attend hearings when necessary and deal with all stages up to and including the payment of costs following detailed assessments
- To achieve the best possible cost outcome for the Firm and their clients
A mistake made by a Legal Costs Assessor by them in their professional duties could lead to a claim. Professional Indemnity Insurance protects them against claims made against them by their client and provides them with financial support in defending a claim.
Public Liability Insurance for Legal Costs Assessors
If you or any of your employees visit a customers premises your actions could cause an injury to another person. Similarly, if an accident happens whilst a member of the public comes to your place of business and they are injured you could be held liable. Public Liability Insurance protects you in the event that such accidents occur and a claim is subsequently made against you.
Public liability insurance also covers you if damage is caused to third party property while at the customers business. An example would be if an employee broke a valuable item while making a delivery at a customer's home. The claim to replace the item would be covered by public liability insurance.
Key exposures for a Legal Costs Assessor:
- Offering a low quality service to the Firm and their clients.
- Failure to act ethically and professionally at all times.
- Negligence in promotion of the interests of the Firm.
- Negligence in arrangement of bills of costs and points of dispute.
- Under or over estimation which results in client not going ahead with action or going ahead and not being able to afford the ongoing case.
Why purchase your Professional Indemnity Insurance through Express Insurance?
With Express Insurance, you can source a PI quote in seconds, and have the option of adding Public Liability Insurance. You can then proceed to buy the insurance and produce your Certificate of Insurance in minutes, or alternatively save the quote back to your email account for buying later.
And we save your details on Renewal of your insurance, making the process of renewing your PI Insurance even easier and quicker.
Throughout your experience with us our team of highly experienced PI specialists are a phone call away !
Please Note: Coverage under the policy will be subject to the particular circumstances relating to a claim and the full terms and conditions of the policy.