Employment Tribunal Indemnity Insurance
At Employee Management Limited, we have always been reluctant to offer a traditional employment tribunal indemnity insurance product along the lines of those “pushed” by the larger HR service providers. This is on the basis that such policies can be extremely restrictive in terms of the way in which day-to-day HR issues are managed.
However, we appreciate that some clients prefer the peace of mind that comes with knowing that, should they be faced with a claim, they won’t be hit with hefty bills in relation to the defence costs. We have therefore worked hard to identify a provider and product which complements the commercial and business-focused advice which our clients have come to expect from us.
We are confident we have found this in Albion (who are authorised and regulated by the FCA – No: 310026) and its Employment Protection Scheme, which covers all legal fees, settlements and awards incurred in respect of any Employment Tribunal proceedings.
The policy also includes any costs incurred in instructing us to deal with Acas Early Conciliation on your behalf, and there are optional add-ons relating to legal fees associated with Health & Safety prosecutions and the enforcement of restrictive covenants where an employee is in breach.
Of course, we are still firm believers in the old adage that prevention is better than cure when it comes to employment litigation. In this sense, robust and consistently applied employment documentation supplemented by our ongoing expert advice should minimise the scope for claims arising in the first place. However, Albion’s Employment Protection Scheme allows you to safeguard against the unexpected cost in the event they do.
For further information or an initial quotation, please speak to one of our consultants who will arrange for an Albion representative to contact you.