Company legal protection
Business legal protection insurance is intended to avert costly claims from all stakeholders such as employees, suppliers, customers or landlords. The more complex the business world becomes, the greater the risk of being prosecuted for mistakes. Legal protection insurance covers the costs of a lawyer as well as court costs. The lawyer is either provided by the insurance company or the company can provide a lawyer of its choice. Coverage varies depending on the area and company (e.g. CHF 500,000 to 1 million for disputes arising from business activities, contractual legal protection CHF 150,000, etc.)
Legal protection insurance also helps to clarify legal questions, even if no claim has (yet) been filed.
Services
The following coverages can be offered in a business legal protection insurance policy:
- Claims for damages against third parties
- Employment law issues such as wage claims from overtime, holidays but also terminations or issues relating to employment contract law
- Legal disputes with customers or suppliers regarding debtors and creditors or defects in products or services (as a buyer or seller)
- Tenancy law (as tenant or landlord)
- Social security law
- Debt collection legal protection
- Internet legal protection
- Criminal law
- Insurance law
- Unfair competition
- Intellectual property rights such as copyright or trademark rights
- Tax law
Legal advice
A legal dispute always incurs costs. Business legal protection insurance reimburses legal costs - but time, nerves and energy are always incurred. For this reason, it is good to know that legal advice can quickly help you find a competent solution. This way, you can clarify in advance who is in the right or whether a legal dispute would be worthwhile.
