Insurance Cover for legal costs and settlement awards in the event of an employment dispute
An Employment Disputes Protection Insurance Policy is available to our Platinum Members for an annual premium based on wage roll and claims history, and policies can be adjusted for each BOSS Platinum member to provide for different levels of policy excess.
This arrangement enables BOSS to provide our members with a seamless service covering all aspects of HR advice, managing employment disputes and covering the financial risk of dealing with claims.
Platinum members wishing to take advantage of the insurance scheme are required to have or already have had an HR Healthcheck within the last 12 months. This would audit members’ current HR and Employment Law policies and practices to ensure they are up to date with employment legislation, making the member eligible for the insurance scheme.
Policy holders need to follow the expert advice from the BPIF’s HR team and if a claim is started, via the ACAS Early conciliation process, it would then be passed to the BPIF legal team, who will then manage the claim and liaise with the insurers. In most cases we will be able to advise the insurer to authorise settlement payments of up to £10,000 per claim. The insurer will pay any authorised claim within 30 days of an agreement to settle, or Tribunal Judgment.
The BOSS and British Print solicitors have over 20 years of experience and are directly regulated by the Solicitors Regulatory Authority, assuring that you receive expert advice and achieve the best commercial outcome.