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First Ireland Legal Contingency Insurance

First Ireland in partnership with Dual Asset Underwriting offer off the shelf Asset Protection products as listed below.

We provide an on-line trading platform for Solicitors who can register and purchase these protection policies for their clients.

  • Designed to protect your client for risks arising out of the transfer of assets.
  • Consistent with a solicitors duty to properly manage a clients risk.
  • Reduced potential for future professional indemnity claims arising from insured transactions.
  • 4 Key covers available.
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Benefits for Solicitors

These policies are designed to protect your Client for risks arising out of the transfer of assets, be that from the execution of a will or the sale of property. The policies operate on a “no fault” basis and therefore reduce the potential that a claim will be taken against the Solicitor when issues arise. This means that where your Clients purchase this policy there is a reduced potential for future professional indemnity claims arising from insured transactions. Purchase of these policies by clients is also consistent with a Solicitors duty to properly manage a Client's risk.

The Products

Typical risks include (amongst others):

  • Missing Beneficiary discovered after distribution of assets.
  • A new will is discovered which changes beneficiaries entitlements.
  • A Challenge against the validity of the will by someone who is not named.
  • A person claiming to be entitled to inherit from the Estate, by fraudulently identifying themselves as a Beneficiary, has been paid.