Arc Tax launches flexible tax investigation insurance
6 March 2017 – Arc Legal Assistance (Arc Legal), a leading legal and professional fees insurance provider, has today announced the launch of Arc Tax Assistance (Arc Tax) offering large and small accountancy firms a new range of flexible tax investigation insurance products. The product provides cover for accountancy costs resulting from HMRC enquiries into a business or individual’s tax returns. Options are available for regulated accountants to provide insurance to their business and personal customers, and non-regulated accountants to cover the costs they incur in providing a service to handle enquiries into their customers submissions. For larger accountancy practices, there are range of risk-sharing options to develop cover for captive and self-insurance models.
Accountants have access to a bespoke online administration portal that allows a simple submission process for declaring monthly policies. The portal also provides an innovative marketing function, assisting with issuing documents, such as quotation and renewal documentation and policy wordings to the accountants’ customers. The portal is intended to streamline the process for the accountant by removing cumbersome manual tasks. The portal will also allow full submission of insurance claims online.
Richard Hainsworth joins as Head of Tax Assistance with responsibility for growth and operational development of the new products. Richard has over 15 years’ experience in the Tax Assistance market, holding senior roles at both Abbey Tax Protection and Croner Taxwise.
Richard commented: “Arc Legal has a strong reputation of providing innovative products and services in the legal expenses insurance market, and our Tax Assistance offering will continue in this vein. We are able to deliver real service improvements responding to the specific needs of accountants and their clients through flexible products and pioneering digital platforms.”
Richard Finan, Director of Arc Legal commented: “In launching Tax Assistance, we set out with the aim of streamlining the process for accountants. Reducing policy administration to its most efficient level, saves the accountant both time and money. The provision of both off the shelf product options, and risk-sharing options for larger practices, means we can offer a truly flexible product offering for all practice types.”
For further information contact Alex Wise, Full Circle Communications,
Tel: 0207 265 7887 or 07710 665 615
Notes to editors
Arc Tax Assistance (Arc Tax) is a new trading style of Arc Legal Assistance Limited. Further information on the service can be found at http://www.arclegal.co.uk/tax-assistance.html.
Arc Legal Assistance Limited is an established, leading provider of legal expenses insurance and assistance services in the UK and Republic of Ireland.
We are innovators within the legal expenses market, continually developing our product offerings and service delivery to provide best in market legal expenses solutions.
Our business model generates streamlined claims services and cost efficient management via strategic partnerships with a small number of high quality independent law firms.
We tailor our legal expenses insurance solutions rather than simply offering standard products. We cover a full range of litigation risk areas including motor, family, commercial, affinity, property owners, travel and leisure. Products are distributed in partnership with insurance companies, brokers, financial institutions and affinity groups.
We have long established quality underwriting arrangements as well as acting for a number of insurers that choose to underwrite their own legal expenses insurance risk.
In addition, we offer a range of uninsured legal services based on a variety of funding methods. These include will writing, conveyancing, pre-marital agreements, divorce, tax planning, and probate services for individuals, contract drafting and employment advice for businesses and a top class 24/7 legal telephone advice service.
Arc Legal Assistance Limited is a subsidiary of AmTrust International Limited.
For more information visit – www.arclegal.co.uk
AmTrust International Limited
AmTrust International is a wholly owned subsidiary of AmTrust Financial Services, Inc. (AFSI) and has been operating in the Global Legal Expenses Market since 2007.
AmTrust Financial Services, Inc.
AmTrust Financial Services, Inc. is a multinational insurance holding company headquartered in New York City, offering specialty property and casualty insurance products, including workers' compensation, commercial automobile, general liability and extended service and warranty coverage through its primary insurance subsidiaries rated “A” (Excellent) by A.M. Best.
For further information on the AmTrust Group please contact Denise Johnson, European Marketing Manager on +44 (0)115 934 8973 or visit www.amtrustinternational.com