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A Legal Expense Insurance (LEI) policy covers the costs of legal fees and expenses for pursuing or defending legal actions. The policy will reimburse claims for disputes or legal proceedings within Australia, provided the claim is reported during the coverage period and relates to activities within the scope of your business. Importantly this policy can support ‘outbound’ actions.
This insurance also covers a range of legal expenses, including seeking legal advice, court and tribunal costs, lawyer fees and any other expenses associated with legal proceedings.
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Legal Expenses Cover can benefit any business owner, including small and large corporations. If you have signed any legally binding agreement, you may also want to consider this policy.
We have you covered.
Legal Expenses Cover typically includes coverage for legal disputes related to employment issues, contract breaches, property disputes, regulatory compliance, and debt recovery. It provides protection against the costs of legal defence and representation in these areas, helping businesses manage unforeseen legal challenges.
No, fines and penalties imposed by regulatory bodies are typically not covered under Legal Expenses Cover. The policy generally excludes coverage for any fines, penalties, or punitive damages, focusing instead on covering the legal costs associated with defending against claims and disputes.
We believe in working closely with you to understand your unique needs and preferences, ensuring that the insurance coverage we offer is affordable and precisely tailored to meet your requirements.
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Professional Lines Insurance Brokers Pty Ltd T/As PLI Brokers (CAR 1308221| ABN 54 601 665 141) Corporate Authorised representative of Community Broker Network Pty Ltd | AFSL 233750 | ACN 096 916 184
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