Anyone in the UK who is a sole trader or runs a limited company must safeguard their business and avoid the numerous risks associated with the trade industry. Once you have a bit of experience behind you, the majority of responsibilities become second nature; be sure to file your tax return on time, keep track of any expenses your business has and purchase adequate Public Liability Insurance.
However, for tradespeople, some typical threats can be neglected. Legal disputes such as debt recovery, property disputes or contract disputes can become a rod in the back for business owners. Let's spend a few minutes highlighting these issues and how you can protect yourself.
Simply put, having Legal Expenses Insurance safeguards your company from the financial consequences of pursuing or defending a legal claim or dispute.
Insurance provides financial protection for your company in case of a legal dispute or claim because of the rising cost of legal assistance in the UK.
Anything from employment disagreements, property disputes or criminal prosecutions are the most familiar legal issues businesses in the UK face.
It can be difficult enough to run your own business and work as a self-employed tradesperson without dealing with an arising legal issue. If you ever find yourself needing legal counsel or financial protection, a policy of this kind can help keep you on the straight and narrow.
Legal proceedings costs covered
Having legal proceedings brought against you can turn into an absolute money pit, regardless of whether the claim is made against you or your business in a small claims court or a high court. Remember that Rhino's Legal Expenses Cover covers the defence costs for £50,000.
Defence & representation.
Rhino Trade Insurance's Legal Expenses Insurance provides you with the added security of legal defence and representation in the event of a lawsuit (as stated, up to the value of £50,000).
Simply put, in the event of a claim, our legal cover provides you with a complete legal defence.
Cover for a variety of scenarios
Rhino's cover protects for any of the following areas you could find legal trouble in:
To help you understand all the legal jargon, we will provide you with the appropriate definitions in your policy documents. If you need more help, you can use our business support helpline for any issues you have.
Need more cover? We can assist you with that.
We are accustomed to custom insurance policies for UK tradespeople at Rhino Trade Insurance. Give our Leicester-based team a call if you need to talk about specific coverage options for your business.
We can discuss your needs and determine the right level of coverage for your business. Simply let us know if you need to increase your Legal Expenses Insurance to £100,000, and we will do so.
With so many positives to taking out Legal Defence Insurance, you'll sleep easy knowing your business is 100% covered should your day take a turn for the worse.
Our team are experts in the field of trade insurance and has over 20 years of experience. Call them on 0116 243 7904 or check out our handy online quote system to get a quick and easy price for your trade.
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