Insure your Business/employment tribunal claims
In the current economic climate we are finding that more and more dismissed or disgruntled employees are bringing Tribunal claims against their employer or former employer notwithstanding the merits of their claims. If a claim succeeds against your business it can bring disastrous consequences. For example the compensatory award element of an unfair dismissal claim will rise to a maximum of £72,300 in February – how could your business cope if it faced such an award?
To help safeguard your business we can effectively insure your business against Employment Tribunal claims and the insurance also covers the payment of your own legal costs! The premium depends on a number of factors but mainly your annual wage roll. The premiums can be as little as £159 per annum, which equates to £3.06 per week. To help with cash flow, the premium can be paid in twelve equal monthly instalments with no additional charge.
Daven Naghen, head of our Employment Team commented as follows:-
“This is a fantastic product for our clients and we already have a number of clients who enjoy the benefit of it. I can offer you a free no obligation quotation so you can decide if it is right for your business.”
Our clients also think the product is excellent, for example Susan Kennedy, Managing Director of S K Cleaning Limited has enjoyed the benefit of the insurance (called Employment Guard) for nearly two years and says “My only regret is that I did not take up the Employment Guard Scheme earlier as this would have saved me years of worry, but at least now I have total piece of mind knowing that I have the scheme in place”.
If you want to discuss the possibility of your business getting insurance cover against Employment Tribunal claims, then please contact Dave Naghen on 01775 722261 or email Daven on firstname.lastname@example.org or contact him at 23 New Road, Spalding, Lincolnshire PE11 1DH.