Business legal expenses insurance
With a business legal expenses insurance you are insured for legal assistance in the event of a conflict with suppliers, employees, or customers. For example, when your customers do not pay or if your supplier does not stick to agreements. Or if an employee does not agree with their dismissal or employment contract.
What is legal assistance?
In case of a legal conflict, your insurer will try to resolve the conflict on your behalf. You do not have to pay for a lawyer or call in other legal advisors for this.
Is a business legal expenses insurance mandatory?
A business legal expenses insurance is not mandatory.
Is a business legal expenses insurance necessary?
If you run a business, you may encounter conflicts that can have legal consequences. The costs involved can be high. Legal expenses insurance for entrepreneurs can save you a lot of costs and problems.
What is often insured with business legal expenses insurance?
Many legal insurance policies also cover mediation and legal advice. It is better for all parties to avoid legal proceedings or lawsuits. This includes: advice on personnel, social legislation, or the purchase, rent, and maintenance of business premises.
What is usually not insured?
A number of situations are usually not covered by business legal insurance. For example, legal conflicts and disputes regarding:
- tax matters
- between partners
- mergers or acquisitions
- disputes with parties abroad
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Questions relating to this article?
Please contact theNetherlands Chamber of Commerce, KVK