It is notable that people are becoming ever more litigious and this is particularly true in relation to employees. Year on year well over 100,000 employment tribunal claims are issued against UK employers. The last official statistics were before the pandemic and showed that employment claims have increased by 18%. We expect that this trend will only accelerate over the next few years.
Employees can bring claims against their employer even if there is no or little merit in relation to the claim. Unless protected by insurance, your organisation would then be put to the cost of defending this claim. The legal costs in defending an average Employment Tribunal claim exceeds £15,000.00.
This does not include the cost for any settlement or award. Awards within the Employment Tribunal are uncapped and have been known to run into many hundreds of thousands of pounds in the most serious cases.
The solution is IH’s In-house Employment Law and HR Service as the advice we provide is insurance backed and costs as little as £6 per employee per month.
This comprehensive Employment Tribunal Insurance policy is very different from what is offered by the majority of our competitors and there is NO excess to pay should litigation arise. This insurance is with a third party provider meaning that you can have confidence that the insurance will cover the costs its says it will in the event that a claim is made against your organisation.
In addition to the Employment Tribunal Insurance cover, we can offer our retainer clients a number of other insurance solutions to protect your organisation, including the following:
Employment Restrictive Covenants – You may have restrictive covenants in your employment contracts to protect your business interests should an employee or ex-employee attempt to trade in competition with (or work for a competitor of) your business. The policy, if this option is selected, will pay the costs involved in resolving legal disputes that arise from restrictive covenants.
Statutory License Appeals – The policy, if this option is selected, will represent you to appeal against the decision of a licensing or other authority, to change the terms of, suspend or revoke your business license or compulsory registration.
Health & Safety Criminal Prosecutions – The policy, if this option is selected, will provide legal defence cover in the event your business (or Directors) is prosecuted under Health & Safety legislation.
Data Protection Cover – The policy, if this option is selected, will represent you in the event you are prosecuted under the Data Protection Act 2018 or receive a notice of formal investigation / disciplinary hearing by any professional or regulatory body.
For any further information about the insurance policy available for our Employment Law & HR retainer package, or any questions in relation to how our employment lawyers can help your business, please call on 0333 220 6000 or send an enquiry.
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