Legal Indemnity Insurance (LII) provides protection for buyers and lenders involved in residential or commercial property transactions where a defect in title cannot be resolved.

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LII is commonly used during conveyancing when a legal issue exists — such as a missing landlord, lack of planning permission or building regulation approval, absence of rights of way, or defective lease arrangements — that is unlikely to cause an immediate problem but could result in significant financial loss in the future.

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Rather than delaying or jeopardising a transaction, Legal Indemnity Insurance offers a practical, low-cost alternative to correcting the defect itself. Policies are paid for by a single, one-off premium and typically last for the life of the property, automatically transferring to future owners or lenders.

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Importantly, while the policy does not remedy the defect, it provides financial protection should a loss arise as a result of the insured issue. LII is often used to allow transactions to complete quickly where resolving the defect would be impractical, time-consuming, or impossible.

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Artemis Insurance Brokers has extensive experience arranging Legal Indemnity Insurance and works with a panel of specialist insurers to ensure appropriate, compliant cover is placed efficiently.