Legal Expenses Insurance
In today's world of instant communication, customer demands, staff expectation, increased competitor activity and ever changing legislation it would be nice to have an oasis of calm and surety for your business.
We are able to provide essential peace of mind for businesses by helping to manage the risk of employment litigation. Proactive management of your employment disputes and confidence in your legal position reduces the number of issues and time taken to manage them.
If the business meets the key criteria of the underwriting team we will arrange cover for your business to ensure that you will not be liable for the costs of litigation brought about by an employee or ex-employee of the company.
The process begins with a full audit of your current procedures and policies and recommended solutions where we feel improvements can be made. The audit will identify any areas of exposure you may currently be carrying and provide solutions to ensure compliance with best practice in HR procedures.
We will provide a nominated team of experts who you can call during normal office hours and out of hours by arrangement on any employment related matter for the entire year.
What does it cost?
The premium, audit and helpline can be wrapped together in an annual retainer fee which you will be able to pay on a monthly basis. The costs are based upon your annual wage roll and number of employees. A monthly fee provides regular budgetary control, safe in the knowledge that you have that risk in your business covered. It's also good news for your cashflow.
The cover extends to awards and legal expenses concerning Employment Tribunal cases of up to £100,000 per claim.