The importance of LEI - COVID-19

Why do I need commercial legal expenses? – Covid-19

Employment

  • Increase in redundancies / Unfair dismissal claims - 4.5% unemployment rate
  • Average hourly rate of employment solicitor £210 per hour (£300 London) – unable to recover costs!
  • No quick solution – 18 month delay for tribunal - 50,000 case backlog

Increase in Contract & Debt Recovery claims.

  • Increase in unpaid debts
  • Use of online legal documents to resolve issues

Access to legal advice, PR experts, telephone counselling & legal documents

  • 360% increase in redundancy calls
  • Increase in mental health problems
  • Adverse publicity following covid-19

The legal expenses market

  • Reduced EPL & Legal expenses capacity
  • LEI for larger clients – Price for the risk
  • ARAG EPL offering - sensible approach
  • Access to key decision makers

ARAG claims

  • Access to independent solicitors
  • No advice precedent
  • Enhanced SLA’s
  • Increased use of mediation

Changes to residential legislation  - protecting tenants

  • 6 months’ notice for section 8 & 21 notices
  • Court delays – No evictions when in national / local lockdown
  • Courts will expect landlords and tenants to communicate - Access to ongoing support – 
  • More complex process

Rent guarantee 

  • Policy sales currently suspended
  • Limit of indemnity claims
  • Conduct issues - no desire to offer policies with Covid-19 exclusion

Contact us

Get in touch with U-Sure today by calling 01633 838976 or email us 

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