In the event of legal action, having an insurance policy to cover your costs is vital for your business.
Legal expenses insurance (LEI) is a policy, taken out prior to the event, which provides financial protection to protect the business should a dispute occur.
The policy protects your business becoming liable for covering the costs of legal fees for the other party involved.
Ensure you are covered for the battle
Going through legal action can be complicated, time-consuming and costly for your business.
Having the right LEI policy provides a safety net for any unexpected legal costs or expenses your business may face.
Whether you are a small-medium sized business (SME) or a large enterprise, the dispute may require you to speak to a legal expert.
The dispute in question could require a common piece of legal advice and might be straightforward but should the unexpected occur, the costs even before it goes to court could be substantial.
Issues could arise with employees, suppliers, customers, your property and more.
With LEI, your business could be covered for a number of expenses, as well as legal advice and assistance.
The policy brings security to your business so you can concentrate on the legal action at hand.