Employ yourself some protection…
Employment tribunals are expensive – and on the up, following the recent abolition of tribunal fees (see below). Given the plethora of no-win/no-fee solicitors, the cost to the employee is virtually nil. Whereas for the employer, costs are incurred from the outset – as well as a vast amount of management time.
Employment Practice Liability Insurance (EPL) can help with both the costs of defending an action and of compensation.
Employment Practice Liability Insurance protects against allegations of:
Quick Background on Employment Practices Liability
What were the tribunal fees for?
In 2013, the government introduced employment tribunal fees. These were intended to reduce the number of spurious or malevolent claims, following a rise in such cases which were harming businesses.
Tribunal fees reduced the number of cases brought against employers by almost 80% in three years.
This summer the Supreme Court ruled these fees to be unlawful, arguing that they impeded fair access to justice. The fees have been scrapped, and the government is having to repay £32m to claimants.
How does this affect my arts organisation?
We expect the number of cases brought against employers to rise substantially - and possibly exceed the pre-2013 levels - as a result of the ruling.
This means employers are facing substantial increases in legal and compensation costs for such cases.
How do I stay protected?
If you don't yet have cover in place, talk to us and we can arrange this for you. It's usually an extension to your Directors' and Officers' liability insurance - or if you're a registered charity, Trustee Liability Insurance.
If you already have EPL (Employment Practices Liability) insurance in place, then now is the time to review the limits on your policy, and ensure you have sufficient provision for legal and compensation costs.
Property: computers, audio visual equipment, offices
Consequential Loss: protects income streams during physical and technological disruptions (fire, flood, power & telecommunications failure)
General Liability: cover for compensation payments arising from damage to third party property or personal injury
Workers' Compensation: for injury and illness to employees and freelancers
Errors & Omissions: helping to defend you against allegations of libel, slander, infringement of copyright, breach of confidentiality
Directors' & Officers' Liability: protecting decision-makers against alleged mismanagement of the organization
Travel & Touring: trip cancellation, medical expenses, passport replacement, loss of baggage
Specialist Cancellation Insurance: cover against financial loss as a result of cancellation, abandonment, postponement or re-scheduling of an event. As an artist manager, you can opt to insure your highest earning artists/authors with a “friends and family” type policy – entirely flexible and designed to cover areas where your income is most vulnerable - without breaking the bank. Some problems are worth losing sleep over. We believe insurance isn’t one of them. More >
We understand you so well, we'll complete the form for you if you prefer! Let's talk...Download: Arts & Entertainment Brochure
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The arts present a very specific set of risk exposures – and now your digital and online risks can expose you globally. We understand the risks and pressures you face - and we speak your language. We’ll support you with great advice - helping you make good decisions for your organization.
Our policies can help streamline costs, and we’ll always help you stay ahead of the game in managing risk. The show must always go on - insurance isn’t just about processing a claim, it’s about thinking laterally to solve challenges and problems fast.
At La Playa, we’re passionate about the arts and creative industries – many of us are practitioners and active consumers; in fact, La Playa founded the first ever corporate art collective!