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 cost 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.
If you wish to add insurance onto your retainer with us, we offer a comprehensive Employment Tribunal Insurance policy that is very different from what is offered by the majority of our competitors and there is NO excess to pay should litigation arise.
To help ensure that your organisation runs as smoothly as possible, we offer our clients insurance solutions to protect our clients should the unexpected happen. This insurance is offered as part of our Employment Law and HR retainer, as we know from our clients this is what they want. As such, we do not make any commission, profit or charge for arranging this cover for your organisation. We are not an insurance broker and we support our clients researching the whole market for the insurance product that best suits its requirements, however here is an outline of the policies we can easily arrange for your organisation as part of our IH In-house retained service.
This policy covers all costs associated with an Employment Tribunal Claim, including all legal costs and the cost of any settlement or award (save in relation to any contractual element).
This policy covers you organisation legal costs should an employee or more likely, an ex-employee breach their restrictive covenants, for example by providing your client list to a competitor.
If your organisation’s trade depends on a licence that is revoked, then this policy covers the legal costs in challenging that decision.
This policy covers the legal costs of defending a criminal H&S prosecution.
Should you organisation find that it is being prosecuted of a potential breach of the Data Protection Act 2018, then this policy will cover your legal fees for defending against that allegation.
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