Legal Expense Insurance

Why SME needs Legal Expense Insurance?

The justice system can be complex and expensive. Just an hour of a lawyer’s time can cost hundreds of dollars and going to court could cost thousands. It may make financial sense for a business to protect its organisation and legal position for legal costs through Legal Expense Insurance.

Legal Expense Insurance also come with helpful legal documents drafted by third party lawyers, containing general information or are in the form of examples and templates. Policies provide Document Review Cover which allow two eligible documents reviewed by an Appointed Advisor during the Period of Insurance.

Coverage includes:

  1. Employment & unfair dismissal case against
    the business.
  2. Employee Protection (unlawful discrimination)
  3. Employment Restrictive Covenants A dispute with a former employee over the enforcement of a restrictive employment covenant.
  4.  Criminal Prosecution Defence If the business faces a work health & safety investigation
  5. Property/goods damages If someone damages
    business premises.
  6. Identity Theft A dispute arising from the use of Your personal or business information
  7. Statutory Licence An appeal against a decision to revoke, refuse to renew or cancel a business licence.
  8. Compliance & Regulation If the business faces formal investigation, regulatory or disciplinary proceedings by a professional, regulatory or disciplinary authority.
  9. Tax Protection If the business is subject to a tax audit by the ATO. Business Elite (1-11)
  10. Contract disputes If the business is subject to a
    dispute with a supplier or client over a business contract.
  11. Tenancy disputes If the business is subject to
    a dispute with a landlord over a tenancy matte
Why get Legal Expense Insurance from Aspect SME Insurance?

Legal Expense Insurance arranged by Aspect SME Insurance ensures it meets your critical requirements but also provides add on wording that can give you further protection. We ensure that you understand the potential of this policy in all circumstances for example the benefit of Non-compete clause in the policy can be very useful for creative industries and professional services firms.