Press release -
Allianz improves D&O support with addition of free Legal Services
Allianz Insurance has announced the addition of Allianz Legal Services to its Complete Directors & Officers (D&O) product for policies incepting or renewing on or after 4 December.
Legislation and regulation once again featured in the top five concerns for businesses as outlined by the 2021 Allianz Risk Barometer and following a period of extraordinary change, and challenge, some may now find themselves lacking legal clarity and confidence. In recognition of this issue, 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, digital trading, Allianz Insurance, commented: “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.”
ENDS
Notes to editors:
1) Designed specifically for businesses with a turnover of up to £200m, Complete D&O offers personal liability cover for company directors, officers and managers to protect them from claims that may arise from the decisions and actions taken within the scope of their regular duties.
2) From April 2021 until October 2021 Allianz Insurance provided free access to Lawphone for all Commercial policyholders.
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About Allianz Insurance
The information contained in this press release relates to Allianz Insurance plc. Allianz Insurance plc is one of the largest general insurers in the UK and part of the Allianz Group.
About Allianz Group
The Allianz Group is one of the world's leading insurers and asset managers with more than 100 million* private and corporate customers in more than 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing around 790 billion euros on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage 1.7 trillion euros of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we are amongst the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2020, over 150,000 employees achieved total revenues of 140 billion euros and an operating profit of 10.8 billion euros for the group.
*Including non-consolidated entities with Allianz customers
These assessments are, as always, subject to the disclaimer provided below.
Cautionary note regarding forward-looking statements
This document includes forward-looking statements, such as prospects or expectations, that are based on management's current views and assumptions and subject to known and unknown risks and uncertainties. Actual results, performance figures, or events may differ significantly from those expressed or implied in such forward-looking statements. Deviations may arise due to changes in factors including, but not limited to, the following: (i) the general economic and competitive situation in the Allianz Group's core business and core markets, (ii) the performance of financial markets (in particular market volatility, liquidity, and credit events), (iii) the frequency and severity of insured loss events, including those resulting from natural catastrophes, and the development of loss expenses, (iv) mortality and morbidity levels and trends, (v) persistency levels, (vi) particularly in the banking business, the extent of credit defaults, (vii) interest rate levels, (viii) currency exchange rates, most notably the EUR/USD exchange rate, (ix) changes in laws and regulations, including tax regulations, (x) the impact of acquisitions including and related integration issues and reorganization measures, and (xi) the general competitive conditions that, in each individual case, apply at a local, regional, national, and/or global level. Many of these changes can be exacerbated by terrorist activities.
No duty to update The Allianz Group assumes no obligation to update any information or forward-looking statement contained herein, save for any information we are required to disclose by law.
