A look at legal services in our business –
can we afford them?
Today, one of the key and/or focus area/s of business revolves around legal compliance, albeit legal litigation or the drafting of contacts.
There has been a significant increase in legal regulation in the past decade which has made it increasingly more difficult and expensive for businesses to comply. In business, we are constantly engaged with transactions, deals, preparing documents and the drafting of contracts, all of which, have some underlying legal implication, requirement or compliance obligation.
Most business owners will testify to the value that a commercial lawyer will bring to their business, but for the majority of small to medium businesses, having a full-time commercial lawyer on call or employed is expensive.
What is a possible solution to this ever present requirement in your business? Well, like so many services today, such as human resources, tax and information technology, legal service requirements can also be outsourced.
is an Underwriting Management Agency that provides a legal service insurance product which has specifically been formulated for the needs of small and medium business with between 1 and 50 employees. The product is underwritten by GENRIC Insurance Company Limited.
So what does this legal insurance product offer you as a business owner? Well, amongst others, BusinessLawyers will assist your business with the:
- Drafting of contracts;
- Legal opinions and advice;
- Reviewing of agreements;
- Employment and/or labour issues; and
- Criminal and Civil matters with expenses up to R500 000 per annum.
More importantly, the value that BusinessLawyers brings to your business is a comprehensive and powerful legal insurance product. This hassle free legal insurance product ensures that your daily legal issues are covered, such as: contracts, disciplinary proceedings, CCMA support and representation in the High and Magistrates Courts nationwide.
BusinessLawyers have lawyers who are specialists in their field of expertise and have more than 5 years’ practical experience. We are admitted and/or practicing attorneys, with no paralegals used to provide advice and/or services, and, finally, no excess or hidden costs – only your monthly premium.
These premiums are based on the size of your business and the 3 premium levels are:
- R495 p/m (1 to 10 employees);
- R650 p/m (11 to 30 employees); or
- R785 p/m (31 to 50 employees)*.
Should you have more than 50 employees, we would be able to accommodate you as well. However, this will be done as a separate proposal.
*To be adjusted in line with pending VAT amendments from 1 April 2018.
BusinessLawyers provide a comprehensive array of legal services as an insurance product designed to take care of your legal requirements, while you take care of business!
Cover provided under the policy is subject to the terms and conditions of the insurance policy. The above is a brief overview of the product offered and should not be construed as advice.
Should you be interested in the product offering please ask your insurance broker to contact us for more information.
Alternatively, you can contact Acorn Brokers (Pty) Ltd through Neil MacArthur at 082 444 4040 for further queries.
General Enquiries: firstname.lastname@example.org
Contact Number: 087 820 1691
BusinessLawyers is a product of Business Lawyers (Pty) Ltd an authorised financial service provider (FSP No: 46227)
Underwritten by Genric Insurance Company Ltd an authorised financial services provider (FSP No: 43638 and registered short term insurance company.)
Acorn Brokers (Pty) Ltd is an authorised financial services provider (FSP No: 47433) Acorn Brokers is an independent intermediary.