Why purchase business legal expenses insurance?
Unexpected legal disputes can be daunting and very stressful, not to mention the fact they can threaten the future of your business. However, not all companies have the size and resource to keep an in-house legal team on their payroll.
Business legal expenses insurance can provide cost-effective access to expert legal advice for issues such as employment disputes, personal injury, property protection, legal defence and tax protection.
Being able to access knowledgeable legal support at the right time and make all the difference in mitigating potentially expensive costs to your business. Compare business legal expenses cover with get indemnity™ a digital insurance broker
What is covered under business legal expenses insurance?
The main cover afforded under a business legal expenses insurance policy is the appointed solicitor's legal fees.
However, dependent upon the business legal expenses policy you purchase, cover can potentially provide for: court fees, expert witness costs, the other side’s costs if you are unsuccessful, and certain compensation awards you are ordered to pay.
What business legal expenses insurance doesn't cover?
Business legal expenses insurance can vary between providers however they will typically not provide cover for:
> disputes that start before you purchase the policy or legal costs paid before your claim is accepted;
> claims where the likelihood of success, or ‘reasonable prospects of success’ are evaluated as being less than 51% at any time; and
> anything specifically excluded; your business legal expenses policy will identify what is and what is not covered.
At get indemnity™ we can offer a wide range of company insurance products to meet your needs. Talk to one of our Account Executives about your requirements on 0345 625 0711.
How much does business legal expenses insurance cost?
At get indemnity™ business legal expenses insurance starts from £195 per year. The cost of business legal expenses cover will vary depending on the size of your business and the activities which you undertake.
Typical, the cost of business legal expenses will vary depending upon your number of employees and turnover but will often be in the hundreds of pounds. However, the price can increase depending upon the sector you work.
DAS business legal expenses can offer a quick and cost-effective means to resolve unexpected legal issues. Obtain your no-obligation quote by completing our online application
and select Additional Covers.
What additional benefits does DAS Law Legal Expenses provide?
With DAS business legal expenses cover you can create and download a range of legal templates that can be customised to meet your individual requirements.
You can choose from a range of documents including: employment discipline and dismissal, debt recovery, employment procedures, hiring staff, sickness and absence documentation.
How is business legal expenses insurance purchased?
Business legal expenses insurance (otherwise known a commercial legal expenses insurance) is sometimes included within a package policy such as commercial combined insurance
, or purchased as an add-on to another insurance policy.
At get indemnity™ business legal expenses insurance can be purchased by completing our online application and selecting Additional Covers.
This guide is for information purposes and based on sources which we believe are reliable, the general risk management and insurance information is not intended to be taken as advice with respect to any individual circumstance and cannot be relied upon as such.