For Solicitors or General Insurance Brokers in need of a legal indemnity or a local search


At LIS we have a process to regularly review and monitor our products (insurance policies), with agreement from our Insurer Liberty Mutual Insurance Europe SE (UK branch) (the 'Insurer') including making changes and launching new products, to ensure that they are appropriate for our Target Market and provide fair value to them.

This is in accordance with:

  • Directive (EU) 2016/97 of the European Parliament and of the Council of 20 January 2016 on insurance distribution (recast) - (Insurance Distribution Directive)
  • Commission Delegated Regulation (EU) 2017/ 2358 of 21 September 2017 supplementing Directive (EU) 2016/97 of the European Parliament and of the Council with regard to product oversight and governance requirements for insurance undertakings and insurance distributors - (POG Implementing Regulation)
  • Commission Implementing Regulation (EU) 2017/1469 of 11 August 2017 laying down a standardised presentation format for the insurance product information document - (IPID Implementing Regulation)


Target Market

The Target Market is a group of customers sharing common characteristics at an abstract and generalised level in order that the insurers may identify for whom the insurance product is/ is not compatible.

Our Target market is any individual or organisation or lender in the United Kingdom who has a requirement for Legal Indemnity Insurance due to defects affecting in the title to their property.


Product Distribution

Due to Financial Conduct Authority (FCA) regulations we do not offer advice but rather we deal with solicitors (regulated by the Solicitors Regulatory Authority (SRA)) and licensed brokers (regulated by the FCA) who are acting on behalf of their client and who are regulated by these bodies to ensure that they act in the best interests of their client.

We pay licensed brokers a commission for their services in line with our specific terms of business with them but our standard procedure is not to pay a fee to a solicitor.

If a solicitor charges their client a fee in arranging and advising on the suitability of our product then we expect it to reasonably reflect the time taken to do so.

We review and monitor our distribution channels to ensure they offer fair value and remain appropriate for our Target Market.


New Products

When launching a new product or making significant changes to existing products a formal process is undertaken beforehand with the Insurer to identify the Target Market and their needs as well as assessing the fair value of the product. We continue to monitor the product after it has been launched to ensure the above still applies.

If you have any questions or any comments on the above or in relation to any of our products then please email us at

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Specialists in legal indemnity insurance relating to the conveyancing market