What is legal expenses insurance?
Business protection for court and associated legal costs
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. Legal expenses insurance has ultimately been designed to ease the financial burden of litigation and our cover is provided by ARAG.
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.
Understanding Legal Expenses Insurance (LEI)
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.
Quotes from an FCA Regulated broker
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.
Arrange your cover
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.