Legal Expenses Insurance

Business protection for court and associated legal costs

legal protection cover for businesses

As a business you’ll be dealing with all types of customers, employees and suppliers, however with all these different and unique relationships you share with people relating to your business, problems can and sometimes do occur. With each encounter there’s the potential for dispute, and a disagreement can at times prove costly for a business when it ends up going through legal channels. Dealing with the stress and financial costs of a legal battle is something no business owner wishes to go through. Our Legal expense Insurance (LEI) cover can be added to core covers and is there to help protect you and your business from costly legal situations. LEI has ultimately been designed to ease the financial burden of litigation and our cover is provided by ARAG.

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What is Legal Expenses Insurance (LEI)?

employment tribunal cover

Legal Expenses Insurance cover ensures that you, the policyholder are covered financially in the event of legal action being brought against you or by you. Sometimes referred to as legal protection insurance the cover can be taken out on a ‘before the event’ basis. By taking out Legal Expenses Insurance before the event a business might seek to protect itself against potential legal costs associated with certain legal actions.

Legal expenses cover might well come in handy in the following situations:

You need to defend an employment dispute having been taken to an employment tribunal.

A business or individual pursues you for claims of property damage.

Legal costs involved with Property protection.

Your business becomes liable to a tax enquiry by HMRC and suffers from a tax investigation.

Costs involved with defending alleged non-compliance such as data protection breaches.

Prosecution from The Health & Safety Executive following an accident at your business premises.

Legal cases related to bodily injury.

 

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Or call us on 0161 968 2041, Mon to Fri 9am - 5.30pm


Legal Expenses cover in action

legal expenses insurance

Having taken out legal protection cover a financial advisory firm is faced with an employment dispute. The now former employee has claimed that they had been arbitrarily demoted to a much lesser role without reason. The former employee is making their claim on the basis that a breach of contract occurred resulting in them being forced to leave their role.

What was covered?

With before the event legal expenses cover in place, the firm is able to make a claim through their insurers to cover all the associated legal costs involved with defending the case. The insurance on this occasion has covered the solicitor’s fees and expenses as well as associated court costs. The firm in this example loses their case versus their former employee, resulting in compensation also being due.

What wasn’t covered?

The legal expenses insurance will pay out for the compensation awarded by the Tribunal as long as the overall cost does not exceed the policy limit of £100,000.

Compare Legal Expenses Insurance quotes from a range of UK insurers

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Or call us on 0161 968 2041, Mon to Fri 9am - 5.30pm

Why choose The Insurance Octopus?

As an FCA regulated broker we take pride in what we do, just like you and your business. Our legal expenses cover can be purchased as a standalone cover or as part of another policy. Speak to our insurance specialists today and discuss the needs of your business. Our friendly team is able to compare quotes from a wide panel of major UK insurance providers. We are able to provide you with your business insurance and documents on the same day in most cases, offering a range of flexible payment options, including Direct Debit. Speak to us today to get a quote.

Get your quote

Or call us on 0161 968 2041, Mon to Fri 9am - 5.30pm