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.
How is legal expenses insurance purchased?
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.
What is covered under legal expenses insurance?
The main cover afforded under a commercial legal expenses insurance policy is the appointed solicitor's legal fees.
However, dependent upon the 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 legal expenses insurance doesn't cover?
Commercial 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 policy documentation will identify what is and what is not covered.
How much does legal expenses insurance cost?
The cost will vary depending on the size of your business and the activities which you undetake. Typical premiums will vary but will often be in the hundreds of pounds.
DAS commercial 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.
What additional benefits does DAS Law provide?
With DAS Business Law 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 dissmisal, debt recovery, employment procedures, hiring staff, sickness and absence documentation.
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.