Business

Allianz adds legal services to D&O support

It comes as legislation and regulation once again featured in the top five concerns for businesses as outlined by the 2021 Allianz Risk Barometer

Allianz Insurance has announced the addition of Allianz Legal Services to its complete Directors and Officers (D&O) offering for policies incepting or renewing on or after 4 December.

It comes as legislation and regulation once again featured in the top five concerns for businesses as outlined by the 2021 Allianz Risk Barometer.

The insurer said that following a period of “extraordinary change, and challenge”, some businesses may now find themselves “lacking legal clarity and confidence”. 

In recognition of this issue, Allianz said that complete D&O policyholders will now have free access to Allianz Legal Services.

Allianz Legal Services provides access to the following:

  • Lawphone – free 24/7 telephone legal advice service. Expert legal advisers can provide guidance on any business-related legal matter, from employment law to debt recovery and property disputes, as well as advice on the ever-changing legislation related to Covid-19.
  • Over 140 free legal templates – to help ensure Complete D&O customers’ HR policies, contracts and agreements are legally compliant. Once created, customers can save and store all their documents within the online storage facility.
  • Easy-to-use law guide – written by lawyers to help SMEs understand legal processes and requirements.

Helen Bryant, director of digital trading, Allianz Insurance, said: “It’s been an extremely challenging time for some of our SME customers who had to make a succession of changes to their businesses due to the rapidly changing external circumstances.

“We’re always looking at new and different ways to support our customers, and by providing legal services as part of Complete D&O, we’re offering very practical and tangible assistance. Insurance isn’t just for when something goes wrong, risk management and mitigation are crucial too.”

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