Legal Expenses Insurance, Supplementary Legal Expenses Insurance
Platinum Management Liability Insurance is able to arrange, place and manage all your Legal Expenses Insurance requirements.
Legal Expenses Insurance may be be offered in conjunction with an existing Directors & Officers Liability insurance contract or as a policy on a stand alone basis.
Where Legal Expenses Insurance is offered in conjunction with an existing Directors & Officers Liability insurance policy the benefits of the supplementary legal expenses insurance policy typically include:
Through a ‘difference in conditions’ coverage the supplementary legal expenses insurance policy is able to provide legal expenses cover for exposures traditionally excluded by stand alone Directors & Officers policies.
Such exposures include:
- Bodily Injury (i.e. occupational/workplace health & safety legislation)
- Pollution (i.e. environmental legislation)
- Insured vs Insured (i.e. disagreements at board level)
- Organisation vs Insured (i.e. actions brought by a new board in name of the company against the former directors)
- Substantial shareholder claims (i.e. shareholders holding greater than 15% of voting rights).
Expand the scope of the traditional Directors & Officers policy to include legal expenses cover for the company itself (i.e. providing cover beyond the personal liabilities of Directors & Officers).
- Entity coverage provided in respect of:
- Employment disputes
- Prosecutions, inquiries, investigations, and examinations.
The supplementary legal expenses insurance policy does not require a ‘Wrongful Act’ to trigger the insuring clause in relation to compulsory attendance at any prosecution,inquiry, investigation, examination or other proceedings before a Court or Regulatory Authority or Tribunal. This is critical where the inquiry,investigation or examination is initially a fact finding mission and no specific allegation of a Wrongful Act is made. The ‘trigger’ under the supplementary legal expenses insurance policy is a ‘direction to appear’.
Legal Expenses Insurance is also offered on a stand alone basis.
The stand alone Legal Expenses policy provides cover for legal fees and expenses, and costs incurred by other parties when the named insured/s are ordered to pay those costs.
The stand alone legal expenses insurance cover typically provides protection against costs associated with the following defined events:
1. Employment Practices
2. Occupational Health and Safety
3. Representation at Inquiries
4. Statutory Licence
5. Tax Audits
6. BAS Audits
7. Superannuation Fund Audit
8. Payroll Tax Audit
The level of cover for sections 1,2,3,4 can be selected according to your industry sector and company size.
Cover for sections 5,6,7,8 are set by the specialist legal expenses underwriter but can be reviewed on application.
Please click the links below to access any Platinum Management Liability Insurance product or service page:
Association & Not For Profit Organisations Liability Insurance
Defamation Insurance
Directors and Officers Liability Insurance
Employment Practices Liability Insurance
Information Communication & Technology Liability Insurance
Insurance Premium Funding
Legal Expenses Insurance
Management Liability Insurance
Medical Malpractice Liability Insurance
Professional Indemnity Insurance
Professional Indemnity and Broadform Liability Insurance