If a legal dispute was brought against your business, would you have the finances available to fight the claim? Disagreements can occur at any time with employees, customers, suppliers, and contractors. Even the most organised business can experience unexpected disputes. The result can be extremely stressful, costly and time consuming. If you’re an SME (small to medium size enterprise), 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 SME’s, providing cover for legal costs that may arise from a claim or dispute that your business is involved in.
Here at FMB Insurance, we have the ability to offer legal cover through our partners starting from £145.20 per year. This includes crucial legal covers to protect your business, specifically Contracts Disputes and Debt Recovery.
The policy insures for the following:
- Employment Contract disputes
- Contract Disputes (sale, hire, lease, goods etc)
- Employment Compensation Awards
- Breach of Restrictive Covenant
- Debt recovery
- Legal Rights Defence
- Jury Service and Witness Expenses
- Statutory Licence Appeal
- Property Protection
- Personal Injury
- Tax protection.
- Data protection
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 does not cover you for any disputes or problems that arose before the policy was taken out.
Call our friendly team today to get a quote on 01353 652777. For more information on our full product offering click here