Insurance Products Mis-selling

What else you might like to know about Insurance Products Mis-selling

If your business finds itself in a dispute over mis-sold insurance products, seeking the help of a legal service provider should be your next step. Here is some basic advice and guidance to inform your choice of legal expert. 

What sort of insurance products have been mis-sold?

Mis-selling of insurance products is a broad issue, covering many different products and services. Usually a case of mis-selling arises where the products in question are either superfluous policies or additional policies that were added under false pretences. 

How can I be sure I haven't been mis-sold an insurance product?

A legal expert is well placed to assess an insurance policy you have taken out in order to determine whether or not you have grounds to claim that certain products have been mis-sold to you. Most mis-sold insurance products are the subject of common complaints and are relatively easy to spot. 

Can I reclaim any money?

If your claim is successful then it is likely that you will be awarded damages as part of your compensation. This usually comes from the firm who provided and mis-sold the insurance. They may also be required to pay your legal fees. 

What do I do if the firm who sold the insurance no longer exists?

If the firm or provider who mis-sold you an insurance product has gone out of business or otherwise no longer exists, you may still be able to reclaim money by making a claim to the Financial Services Compensation Scheme. 

How can I select the best legal expert to help?

The mis-selling of insurance products is a specialist area of law and it is important that you appoint a legal service provider with proven expertise and a good reputation. It is also worth considering factors such as location, cost and size of a firm before making your decision.

Answer a few short questions now and start comparing legal service providers based on the criteria most important to you.

What price structures can I expect?

As it is difficult to gauge the time required to complete a claim for mis-sold insurance products, legal service providers typically offer such a service on a fixed fee with capped hours or hourly rate basis.