Legal liability policies are commercial insurance products that protect assets and finances in the event someone takes legal action against you or your organisation.
Whether for businesses, professionals, or individuals, legal liability insurance helps to cover legal costs, like solicitor fees and other expenses, when defending a claim. It may also cover any damages or settlements awarded in a lawsuit.
Legal liability commercial insurance to protect against a claim
There are several insurance types available in the UK that protect against legal liability, such as:
What types of damages does legal liability pay?
As well as paying to defend the legal actions faced, legal liability insurance also covers certain damages.
Generally speaking, legal liability insurance covers payments awarded by a court to compensate the claimant who suffered the initial loss or damage which prompted legal action in the first place.
What types of damages does legal liability not pay?
Legal liability doesn’t usually include damages that are potentially very high amounts or against the insurer’s public policy to pay them. For example, your policy might not pay for:
Need more information?
Every insurance type differs, and finding the right legal liability policy is crucial for your business. To learn more about taking out legal liability insurance, call us on 0161 533 0411, email email@example.com, or fill in our online form, and we’ll get back to you.
Agencies - September 25, 2023
Blog - September 11, 2023