Commercial Property Owners
Optional Extras (Legal Expenses)

Summary of Cover

Being a landlord can provide a very good return on investment but it isn’t without its pitfalls. In an ideal world you would have a problem-free relationship with your tenants but in reality issues such as a dispute about the renewal of a lease, damage and dilapidation to your property and late or non-payment of rent can all prove an expensive headache.

What does this policy cover?

• Up to £100,000 legal costs and expenses per claim for disputes relating to your business, other than Crisis Communication where the limit is £25,000. For Employment Compensation Awards, the insurer will pay up to £1,000,000 during any one period of insurance.
• Legal costs and expenses up to £50,000 per claim for disputes relating to your insured property.

We protect your client’s rights in disputes about:

• A commercial lease dispute
• Damage to your property, nuisance and trespass
• The repossession of your residential property
• The recovery of rent arrears
• A contract dispute for a holiday home

In addition, we can help you overcome a range of common business problems, for example:

• Employment disputes & compensation awards
• Employment restrictive covenants
• Tax investigations & VAT disputes
• Legal defence
• Compliance & regulation
• Statutory licence appeals
• Loss of earnings
• Claims involving your executives
• Crisis communication

Landlords’ and Business legal services website

Your policy unlocks free access to ARAG’s Landlords’ and Business Legal Services website, which allows you to create a wide range of online tenancy and business legal documents and letters which can help your business.

Legal & Tax advice helplines

You can call ARAG’s legal advice helpline and get immediate advice on all legal problems affecting your business, including commercial and residential property letting, 24 hours a day, 365 days a year. You can also obtain tax-related advice from ARAG’s tax helpline or use their counselling assistance helpline which are available for your clients.

For the full Target Market Statement and supporting information please click here