Insurance analysis spreadsheet—law firms
Insurance analysis spreadsheet—law firms

The following Practice Compliance guidance note provides comprehensive and up to date legal information covering:

  • Insurance analysis spreadsheet—law firms
  • Suitability of insurance product
  • Fair and personal analysis of the market

Click here for the Precedent Insurance analysis spreadsheet.

This Precedent Insurance analysis spreadsheet is intended for law firms and is presented in Excel. It can be used to compare insurance products offered by a range of providers, taking account of factors such as the cost of the premium, nature and level of cover provided, relevant exclusions and omissions. It has been populated with two sample entries, which should be deleted.

As a general rule, law firms are not permitted to engage directly in insurance distribution activities, unless they are licensed by the FCA. However, law firms are permitted to engage in insurance distribution activities in the capacity of an ancillary insurance intermediary. This is most likely to be relevant to law firms engaging in conveyancing, personal injury or private client