If a legal dispute was brought against your business, would you have the finances available to fight the claim? With Commercial Legal Expenses Cover, you don’t have to. This type of insurance helps to protect your business by covering the legal costs for you.
Why do I need Commercial Legal Expenses cover?
Disagreements can occur at any time with employees, customers, suppliers and contractors. The result can be extremely stressful, costly and time consuming. Especially if you’re an SME (small to medium size enterprise), as it’s unlikely you’ll have your own in-house legal team.
In order to protect your business, you can take out Commercial Legal Expenses insurance. The policy is designed to meet the needs of your business, providing cover for legal costs that may arise from a claim or dispute that your business is involved in. Whether your need access to a telephone helpline for legal advice, or representation whilst an investigation is conducted, your Commercial Legal Expenses insurance will cover the cost.
This type of insurance policy can cover costs associated with:
- Employment Contract Disputes & Compensation Awards
- Contract Disputes for sale, hire, lease, goods etc.
- Breach of Restrictive Covenant
- Debt Recovery
- Legal Rights Defence of you and your employees’ legal rights
- Jury Service and Witness Expenses
- Statutory Licence Appeal
- Property Protection
- Data Protection
- Personal Injury to an employee or their family
- Tax Protection such as a tax enquiry or VAT dispute
- Telephone Helplines for legal and tax advice, and other services like counselling
What level of cover is available?
Legal costs and expenses are insured up to the value of £250,000 per incident, with an unlimited value for the period of insurance. As with most insurance, it doesn’t cover you for any disputes or problems that arose before the policy was taken out or claims which do not arise directly in connection with the insured business.
As a broker, we work with insurers across the UK to get a policy that’s right for you. The cost of this type of policy varies depending on your chosen cover level. Call our friendly team today on 01353 652760 or email [email protected] to get a quote for your Commercial Legal Expenses policy.
FMB Insurance can manage all of your business protection needs under one roof, delivering the right policies for the right situations. Insurance and warranty products include Commercial Legal Expenses Insurance, Contract Works Insurance, New Homes 10 Year Structural Warranty, Public and Employers’ Liability Insurance and more. Call 01353 652 760 or email [email protected].