Protection Against Management Liability Insurance With AXA

 

 

 

 

 

 

 

 

 

Metis HR has partnered with Munro-Greenhalgh Insurance Brokers and one of the biggest insurance companies in the world, AXA, to help deliver an excellent level of cover to help you deal with any employment related claim plus pay for awards and provides for much more. Our facility through Munro-Greenhalgh Insurance Brokers mean that if you follow the professional HR advice provided by Metis HR; 

  • the insurance policy will cover you defending a tribunal claim and for awards made
  • you will pay no excess. Normally you would be required to pay an excess of £3,750!
  • we will continue to work with you, as your trusted HR Advisor, guiding you through the claim process and be on-hand throughout so there will be no 'starting from scratch' again with a new person!

The AXA Management Liability policy provides wide cover as standard – for employment, regulatory, pensions, cyber, contractual, pollution and employee dishonesty claims. New covers include contract dispute and debt recovery pursuit, negative social media public relations costs and circumstance investigation costs. Operative sections are:

  • Directors & Officers
  • Employment Practices Liability
  • Company Legal Liability

Obviously there is much more than just employment cover! Summary of Annual Premiums for the AXA Management Liability policy are as below:

Limit per section

 

(any one claim including costs)

Annual Turnover
Up to £1Million£1,000,001 to

 

£2.5 Million

£2,500,001 to

 

£10 Million

£250,000£448£616£896
£500,000£672£840£1,120
£1,000,000£896£1,120£1,456
£2,000,000£1,120£1,456£1,904

(Note: All premiums are inclusive of Insurance Premium Tax at 12% - correct as at 1st July 2017)

As an alternative AXA also has an Employment Practices Liability only policy available. This is more appropriate for sole traders and partnerships. Summary of Annual Premiums for the AXA Employment Practices Liability policy are as below:

Limit per section

 

(any one claim including costs)

Number of Employees
Up to 2526 to 5051 to 100101 to 150151 to 200
£250,000£336£420£588£784£896
£500,000£448£560£687£952£1,064
£1,000,000£560£784£1,008£1,120£1,232
£2,000,000£784£1,008£1,288£1,428£1,568

(Note: All premiums are inclusive of Insurance Premium Tax at 12% - correct as at 1st July 2017)

For further information or to arrange cover please contact Munro-Greenhalgh Insurance Brokers directly on 01706-824023.

 

Let's talk about it

To see how Metis HR can help you with your employee related problems, let's talk

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