Vinden announces launch of ALADINS legal expenses policy for the construction sector.
Adjudication Legal And Dispute INSurance is a full scope legal expenses insurance policy available to Contractors, Sub-Contractors and Consultants in the UK exclusively through The Vinden Partnership and Watson Laurie Insurance Brokers. In exchange for a modest annual premium the policy insures a Client’s liability to pay legal expenses resulting from a whole range of disputes under commercial contracts through to Employment disputes.
Most importantly, however, is that legal costs arising from adjudication proceedings under construction contracts are covered by ALADINS with legal expenses cover of £1,000,000 available in any one year of insurance, limited to £100,000 per claim. Premiums are calculated on a declared turnover basis so, by way of an example, a company with an annual turnover of £10 million would be charged an annual premium of £6,000 plus IPT.
Peter Vinden, commenting on ALADINS says “We have been working hard for some years to persuade an A+ rated insurer to cover adjudication costs and I am delighted to have finally got there.”
ALADINS is being exclusively marketed through The Vinden Partnership and Watson Laurie Insurance Brokers.
For further information or a premium quote to acquire an ALADINS policy please contact Steve Padley at The Vinden Partnership on 01204 362888 or by email at [email protected] or Gary Brooks at Watson Laurie on 01204 547921 or by email at [email protected]”