In this short blog post we are going to cover business owners legal expenses insurance and what it is. Legal expenses insurance covers the cost of pursuing or defending against certain legal actions and can be provided for business owners as well as individuals, motorists. Often this form of insurance can be found as an additional cover included in your package insurance policy as standard, but can also be requested and taken as a standalone insurance policy.

The chance of a dispute with another party such as a client, a supplier or an employee is significant, so having protection through a legal expenses insurance policy could be valuable to your business no matter what size. A few examples of situations that are covered are below to give an idea of the importance of this cover, as well as the services it can provide:

• Pursue a client where they have breached a contract or defend you against an unfounded allegation of you being in breach.
• Have representation when HMRC investigate your business tax affairs.
• Have representation when the Health & Safety Executive conduct an investigation – for example, after an accident that took place at your business premises.
• Have representation should you be required to attend a police interview under caution concerning an alleged criminal matter that took place in connection with your business.
• Cover expenses if you are required to attend jury service.
• Defend yourself against an allegation of discrimination by a former employee.
• 24 hour legal advice helpline – giving you immediate access 24/7 to an experienced team of qualified solicitors at no additional cost. Knowing who to turn to for expert legal advice can be difficult when you’re working for yourself, but this gives you support on any business-related legal queries.
• Access to a document library – An online resource of legal and business guides, templates and content written and created by solicitors. Instantly download ready-made contracts, policies, procedures and guidance you can use to run your business with confidence – without paying any expensive legal fees.

What isn’t covered?

Legal disputes can come in a wide variety of types and outcomes. Often an insurers legal team doesn’t think you have a reasonable chance of success, then they won’t cover you. Similarly, they do not cover costs incurred without consent first, or for fines or penalties imposed by a court or tribunal.

It’s important when making a claim to follow the due process and refer to the insurers policy wordings for more information on this.

Contact us today for more information on Legal Expenses insurance and how it can benefit your business.