Even with the best possible advice it is impossible to guarantee an employer that they will not receive a claim. We offer Employment Tribunal Insurance as part of our service. For further details contact our offices.
In an effort to reduce the number of claims made to Employment Tribunals the Government introduced a fee system, where claimants would have to pay a fee in order to make a claim, however this was deemed illegal and withdrawn. Currently a claimant can make a claim without paying a fee. This position has increased the number of claims made so to balance this situation, we have teamed up with a leading provider of legal expenses insurance in order to introduce our Clients to the concept of Employment Tribunal Insurance.
What does the emploment tribunal insurance policy cover?
The financial consequences of non-compliance with current UK employment laws are very serious for employers. The Insurance covers redundancy, discrimination (race, disability, sex, age and sexual orientation), unfair dismissal (including constructive dismissal) and whistle blowing. Compensation for unfair dismissal or discrimination can run into tens of thousands of pounds.
The insurance will cover all of your legal costs as well as any costs awarded by an employment tribunal (subject to the terms and conditions of the insurance policy).
Is it compulsory?
No. As part of our services, Clients can opt to take out optional Employment Tribunal Insurance Indemnity to complement our highly successful Employment Tribunal Defence Scheme. Some Clients like the peace of mind that insurance brings to their business. We are registered with the Financial Services Authority to introduce our Clients to these policies. Insurance is provided subject to policy terms. http://www.fca.org.uk/ All clients are advised to seek a full copy of our policy wording document and it should be noted that exclusions apply. Such cover can also be extended to fight ‘health and safety’ prosecutions.
We would be happy to discuss your insurance requirements in detail.