Legal expenses insurance
The right answer at the right time will protect your business
In the increasing litigious world in which we live it is not surprising that businesses face a growing incidence of legal claims.
The commercial environment in which businesses operates is becoming increasingly complex and the introduction of business legislation form the UK and Europe is relentless.
Claimants are becoming more sophisticated, the authorities more determined and settlement awards can be high. Unfair dismissal claims currently have a settlement award limit of £56,800. A discrimination claim involving for example sex, race, age or disability or the new sexual orientation and religious intolerance legislation, can result in unlimited awards.
It is vital that highly capable legal representation is employed to defend you which can be expensive for the average business but prove to be invaluable in the long run.
Any business can face legal action from any number of reasons including:
- Employment
- Age, race, sex or disability discrimination
- Health and safety
- Weights and measures
- Environmental
- Data protection
- Tax investigation
Legal Expenses insurance is the answer!
This type of insurance provides the legal costs to PURSUE or DEFEND your
legal rights.
Specialist insurers also provide 24 hour a day advice over the phone because
a problem can arise any time of day.
EMPLOYMENT PRACTICES PROTECTION is another type of legal expenses insurance which provides detailed support to the insured on employment related matters. A policy will cover many things including:
- A health check on your employment practice
- Legal costs and expenses to refund employment disputes
- Cover against awards of compensation you are ordered to pay
- Costs awarded against you
If you would like to discuss this subject in more detail please contact us at enquiries@bjic.co.uk