Legal expenses insurance for small businesses
Your small business is incredibly important to you so you probably already have great insurance in place like product liability or stock insurance. Did you know you can stop worrying about small business emergencies and focus on growing your business by adding some other types of insurance, like legal expenses insurance?
For small business owners like you, legal expenses insurance can provide valuable protection against unexpected legal costs and give you access to legal advice and representation when needed.
Lukango has partnered with Markel Direct, who underwrite and administer the policies, to offer specialist legal expenses insurance designed for small businesses.
Find out more about small business legal expenses insurance below, or click here to get a quote:
Legal expenses insurance can protect you against the cost of compensation caused by
Debt recovery
Compliance issues or tax investigations
What is legal expenses insurance?
Having any kind of legal dispute can be costly and can quickly add up to thousands of pounds if there is a court case (yikes). Legal expenses insurance covers the costs associated with legal disputes including advice and representation, help with court fees and lawyer fees. Legal expenses insurance can protect you from legal expenses costs caused by:
- Employment disputes like wrongful dismissal or discrimination
- Contract disputes like breach of contract and supply or sale of faulty goods or services
- Debt recovery for things like unpaid invoices
- Intellectual property disputes such as trademark or patent infringement
- Regulatory compliance issues like health and safety, data protection
- Property disputes for things like lease or rent disagreements
- Tax investigations by HM Revenue & Customs (HMRC)
Get legal expenses insurance for your small business from our insurance partner Markel Direct and:
- Get tailored quotes in minutes
- Get covered and all your documents the same day
- UK-based expert support, online and on the phone
Do I need legal expenses insurance cover?
Legal disputes can arise in a range of business situations, regardless of the type of work a business carries out. Legal expenses insurance is a type of cover that is designed to respond to certain legal costs and expenses associated with specified disputes, depending on the terms and conditions of the policy. In some cases, this type of insurance may include access to legal advice or representation.
Frequently asked questions about Legal Expenses
- What types of legal disputes does legal expenses insurance cover?
Legal expenses insurance can cover a range of legal disputes, such as employment disputes, contract disputes, tax disputes and property disputes.
What is covered, and any limits or exclusions, depend on the insurer and the terms of the policy. To understand what options are available and how they apply to your business, you can speak to Markel Direct, Lukango’s insurance partner.
- What is the limit of indemnity for legal expenses insurance?
The limit of indemnity for legal expenses insurance is the maximum amount an insurer would pay towards legal costs under a policy. The level of cover available can vary depending on the insurer and the specific policy.
To understand what limits are available and how they apply to your business, you can speak to Markel Direct, Lukango’s insurance partner.
- What is the excess for legal expenses insurance?
he excess is the amount a policyholder would need to pay towards a claim before the insurer pays the remaining costs. The level of excess can vary depending on the insurer and the terms of the policy.
To understand how excesses apply to legal expenses insurance, you can speak to Markel Direct, Lukango’s insurance partner.
- What is excluded from legal expenses insurance coverage?
Legal expenses insurance policies can include exclusions, which set out situations or types of claims that are not covered. These can include things such as intentional or criminal acts, depending on the insurer and the terms of the policy.
To understand what exclusions apply and how they affect your business, you can speak to Markel Direct, Lukango’s insurance partner.
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