In the first of a series of articles on legal expenses Ray Kneeshaw explains the types of policy and what they cover.
Using this CPD pageFor the vast majority of practitioners and indeed support and supervisory staff in our industry, CPD is about regular learning and study that is planned, recorded, timed and evaluated. If you are a member of a professional body with a CPD requirement then there will be certain rules regarding the quality and nature of study material, and the way in which it is recorded.For staff of GISC members this means recording on your individual training file what the learning was, who provided it and when.It might be structured, such as a course, a learning programme or exam study. But it can be unstructured. This form of study encompasses reading the trade press, technical material or taking part in activities to support your professional body. Some CPD requirements are points related (a little antiquated) and others require a time value to be allocated. For example, it might take one hour to read Insurance Times each week. Most of that could be put as a time value but, in reality, perhaps only an half hour was devoted to learning something. The rule is to be honest with yourself and record the time that is relevant. Always take time to make a note of what you felt you gained from the activity. This is useful information for anyone else considering the same activity.In response to the popularity of our CPD programme each week's CPD page can now be downloaded from our website.Legal expenses insurance has been available for a little over 30 years, since repeal of a 900-year old statute. This was originally designed to prevent hiring of a champion to fight for one party in trial by combat.The modern version of this is legal expenses insurance. The repeal was in 1967 and the first recognisable legal protection policies appeared around 1973.Cover is provided for individuals or companies and pays the cost of pursuing – in some cases defending – the policyholder's rights. In practice, the policyholder agrees the claim is made on its behalf and does not see any of the bills. Either the legal protection company itself, or its appointed solicitor, handles the claim. The basic policy types are: