Commercial Legal Expenses Insurance
On behalf of Voluntary Sector Organisations we have negotiated discounted premium rates in respect of Legal Expenses Insurance concerning Employment Problems and Disputes. A brief summary of the cover is available upon application and the premiums quoted below are subject to a satisfactorily completed proposal form. The premiums are rated against the annual salary bill and insurance premium tax of 5% should be added to the figure. It should also be noted that the minimum policy premium is £70.00.
The rates of premium are as follows:-
| Payroll Minimum | Payroll Maximum | Premium rate before IPT |
|---|---|---|
| £ 0.00 | £ 100,000.00 | 0.12% |
| £ 100,001.00 | £ 250,000.00 | 0.10% |
| £ 250,001.00 | £ 500,000.00 | 0.08% |
| £ 500,001.00 | £1,000,000.00 | 0.06% |
Some organisations seek Legal Expenses Insurance cover beyond matters relating to Employment and again we have negotiated special rates to include Legal Expenses relating to Property, Taxation and Contract Disputes. A summary of the cover applicable to this policy and the rates of premium are available upon application.
The same proposal form can be used for both Employment cover and Full cover.
Please use the proposal form (PDF, 89Kb) to request a quotation for Legal Expenses Insurance. Once completed, please print and post this form to us at the address below - alternatively you could of course email it to us.
If you wish to find out more and to see whether LADBROOK can assist your particular organisation, feel free to put to us any questions that you might have. We look forward to hearing from you!