Business Insurance

Why do you need business insurance?

No matter how carefully you run your business and follow best practices, you still face the risk of an employee, or former employee taking legal action against you. This has only been heightened by the recent decision by The Supreme Court in 2017 to rule that the government was acting unlawfully and unconstitutionally when it introduced employment tribunal fees back in 2013.

In the year to June 2013, employment tribunals received on average 15,000 cases per quarter*, and since the introduction of early conciliation in April 2014, the average number of cases notified to ACAS to June 2017 exceeds 20,000 per quarter**

Benefits of Quest Employment Protection Insurance

To assist businesses, combat employment risks, Quest has introduced Business Insurance Employment Protection Insurance (EPI) as an additional benefit to our support services.  Unlike a normal Legal Expenses Insurance (LEI) policy our insurance, underwritten by ARAG plc, has the following benefits:

• Includes cover for representation throughout the ACAS conciliation process and at tribunal
• No prospect of success clause (many LEI policies require claims to have 51% or greater prospects of success)
• Cover for awards – these can run into several thousand pounds
• A limit of indemnity covering up to £150,000

As a result of our enhancements it has more in common with an Employment Practices Liability (EPL) insurance than the standard LEI

You can now add EPI to your Quest support package by contacting our team who will be happy to help you.

Please note that as with all insurances terms and conditions apply. Our team will be happy to discuss these with you.

Business Insurance Partners

Vantage Protect - Vantage Protect is a wholesale insurance intermediary that offers a wide range of specialist insurance products for insurance brokers, letting agents, motor dealers, trade associations and other organisations.

Rhino Trade Insurance - Rhino provide Tradesmen insurance and Public Liability Insurance, a type of business insurance that provides tailored cover for hazards and risks often experienced when working within a trade.

* Source House of Commons briefing paper December 2017
** Source ACAS, Early Conciliation Quarterly Reports September 2017