Compass launches ID theft product

Compass Underwriting is launching a new ID theft product in association with LawShield and Experian.

The Compass LawShield ID Theft Gold product is designed to provide unlimited credit reports and email warnings showing any significant activity on a credit history.

Should the customer be a victim of ID theft, the cover will provide them with a qualified LawShield legal representative to take control of the case.

Andrew Briant, managing director at Compass Underwriting, says: “Sadly, the vast majority of people don’t take the risk of ID fraud seriously enough, and ID theft cover has also unfortunately received some bad publicity in the past.

“With that in mind, we have designed a legal expenses product that is effective and offers comprehensive cover for up to £25,000 in legal fees for identity fraud.

“Most importantly, claimants will have direct access to a dedicated LawShield legal adviser throughout the process to defend proceedings brought against them and to work with Experian in restoring their credit rating.”

Compass adds that the product has been designed to be attached to other mainstream products sold by intermediaries.