Insight

Business Legal Expenses

Published

20 June 2022

Read time

3 minutes

Cover the gaps in your current business insurance

What do tradies, be it a plumber, electrician, or a handyman, have in common? If you’re one of these, plus many more tradie related businesses, you are likely to be working hard to make your business a success. And you’ll all have similar business challenges.

Often, we don’t consider the cost of engaging a legal professional until it’s too late. As a small business it’s all about the bottom line, and usually you make decisions based on the commercial realities of cost v reward, having legal expense insurance provides your business with the choice to exercise your legal rights.
 

1 in 5 businesses have been involved in a legal dispute in the last 5 years, and 49% of all abandoned disputes were due to the costs associated outweighed the potential gains.

Legal Business Expense Insurance provides affordable and comprehensive cover for Tradies regardless of your size or industry. It’s like having a lawyer in your back pocket.

ARAG provide cover for:

  • Employment - If a current, former or prospective employee brings an unfair dismissal case against the business
  • Employee protection - Where civil proceedings are brought against an Employee for unlawful discrimination
  • Criminal prosecution defence - If the business faces a work health & safety investigation with a threat to prosecute
  • Property & goods - If someone damages, trespasses on or causes a nuisance to the business premises
  • Identity theft - A dispute arising from the use of Your personal or business information
  • Statutory Licence - An appeal against a decision to revoke, refuse to renew or cancel a business license or licenses
  • Compliance & regulation - If the business faces formal investigation, regulatory or disciplinary proceedings by a professional, regulatory or disciplinary authority
  • Tax protection - If the business is subject to a tax audit by the ATO
  • Contract disputes - If the business is subject to a dispute with a supplier or client over a contract

Additionally, each policy comes with access to ARAG’s Legal Document Centre and Legal Information Helpline.

You can access at no cost, and at any time. ARAG’s legal experts and documents are there to provide you with the support and advice that will potentially avoid your business experiencing situations where you may need to make a claim. 


Please refer to the Policy Wording for the full terms, conditions, and exclusions of this cover.
 

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