The backlog in outstanding ET claim grows with little prospect of improvements without stronger government action. Increasing claim costs and the unknown cost of those claims already in the pipeline causes a knock- on effect for legal expenses insurance. Straight Solutions continues to successfully navigate the trouble waters.
What is the state of the insurance market and what does it means for employment protection insurance and our own scheme?
Last year the employment tribunal statistics reported on the first full year where no employment tribunal fees had been paid. Not surprisingly the number of claims made had increased.
Purely Employment insurance was the very first policy specifically designed to operate in conjunction with the employment services of a professional solicitor. Two key features ensure the policy does what is says on the cover.
Many Insurance companies are dumping their commitment to policies in markets exposed to the worst effects of recession and litigation culture.
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