What do I get for my money?

I think liability insurance is expensive!

So what am I paying for and what do I get for my money?

When you take out liability insurance, the backstop is that your insurers will, after defending you, pay out damages up to the indemnity limit, which is typically two, five or ten million pounds.

That’s never going to happen to me?

Famous last words!

When everything is going well in business, clients and staff are happy, nothing happens, but the minute someone feels aggrieved or disagrees with you, that is the exact moment they will launch a legal action, #becauseaccidentshappen to nice people all the time.

With no win, no fee, ambulance chasing lawyers ready to step up in with absolutely no cost to the claimant, it’s easy to start an action these days.

Even if the claim is completely without merit, and it’s all lies, that’s not what they will have told their lawyer to get the letters issued. Your only redress is to start spending lots of money on lawyers to rebut the claims and that is far more expensive than the insurance premium you could have paid – typically £150 an hour before you even utter a word and a barrister in court can cost anything from £1,500- £10,000 per day.

What do you get for your money?

The answer is a very good set of lawyers who will defend you at ZERO cost to yourself and pay out eventually, if necessary.

That’s what you get for your money.

Have a nice day.

Legal Team