Brokers are increasingly finding that legal expense insurance (LEI) is an important product to have in their arsenal since it can help their commercial clients be better prepared for legal hurdles.
Australian business owners already have a lot on their plates when it comes to the day-to-day management of their companies, on top of potentially having to deal with legal issues that can arise from a dispute with an employee over wrongful dismissal, appealing an assessment by the ATO or requiring defence during a WH&S criminal investigation. Brokers are increasingly finding that legal expense insurance (LEI) is an important product to have in their arsenal since it can help their commercial clients be better prepared for legal hurdles.
Brokers have found that LEI has an important role to play for clients in every sector especially in this extremely hard market. “The industries that we see taking up LEI cover are hospitality, construction & manufacturing, sole traders and SME’s with low to medium turnover and a small staff. A lot of important issues that small businesses and mid-sized businesses deal with are employment disputes, collecting receivables, dealing with their suppliers, and contract disputes,” said General Manager, Natasha Gale “LEI is really important for them as their business grows, it provides legal cover for the pursuit and defence for insured events- most brokers still see it purely as a defence product.”
LEI likewise protects clients against the coverage gaps left by ML, Landlord Insurance and some Commercial policies. Yet many business owners and brokers still don’t know about the benefits of LEI, in part because it’s a relatively new product in Australia.
ARAG - Leader in LEI
A leader in the LEI space, ARAG is spreading the word about its insurance offerings from coast to coast, and brokers are finding that the company’s solutions are exactly what their clients need.
ARAG is the right choice for LEI due to our extensive experience in this space, fantastic resource materials, and legal helpline available to all policyholders.
To know more or get connected to our online portal -
ARAG Services Australia Pty Ltd (ABN 14 627 823 198) (ARAG) has been granted delegated authority by the Insurer to enter into, vary or cancel Policies and handle Claims on their behalf. In providing these services, ARAG acts on behalf of the Insurer and not as Your agent. ARAG is authorised to provide financial services in accordance with its Australian Financial Services Licence (AFS Licence number 513547). Any advice provided by ARAG in relation to this product is general in nature and does not take into account Your individual circumstances.
The Insurer is detailed in your policy documents.
All enquiries should be addressed to ARAG.
Any advice contained on this website is general advice only and has been prepared without considering your individual objectives, financial situation or needs. Before purchasing or renewing a product we recommend that you consider if it is suitable for your circumstances and read the policy terms and conditions.