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Security You Can Count On

100% Lloyd’s security

Market Leading

EDGE UNDERWRITING has become renowned for providing market leading insurance solutions in their chosen specialist product areas. Our exclusive LEXi product is no exception.

Broadest Cover

While there may appear to be some duplication with Management Liability policies in terms of providing cover for the defense costs associated with actions arising out of certain legal matters (such as: Privacy, ATO, Unfair Dismissal, Sexual Harassment, Discrimination etc), our LEXi policy provides so much more. Consider the following exclusive LEXi benefits:

Before lodging a claim Insureds are strongly encouraged to go through the free legal advice service first. Click here to find out how to access this service.

 Cover

LEXi

ML

Legal cost of defending certain statutory matters

Fines & Penalties associated with certain statutory matters

Legal Cost of defending certain non-statutory matters

Legal Cost of pursuing  certain non-statutory matters

Personal legal costs of defending certain non-statutory matters for employees
(if Personal Legal Expenses Cover Optional Additional Benefit has been taken)

Free Telephone Legal Advice

Exclusive access to our free telephone legal advice service. This service provides advice on many legal issues affecting the Insured’s business (or the employees’ personal lives if personal legal expenses extension is taken).

There is no restriction on how many times LEXi policyholders may access this service however, it is limited to one 30 minute telephone call with a suitably qualified legal partitioner per matter.

This service is non-insurance related. That is, advice is provided irrespective of whether the matter is covered by the LEXi policy or not.

LEXi

LEXi

 Cover Examples

the pursuit or defense of a dispute with a landlord under a lease or tenancy agreement;

the pursuit or defense of a contractual dispute with a customer or supplier (eg. someone is withholding payment alleging issues with your goods or services);

the pursuit or defense of a contractual dispute with a customer, supplier, client, principal, contractor or subcontractor under a construction contract
(if Construction Contracts Optional Additional Benefit has been taken);

the pursuit or defense of a contractual dispute with an employee (eg. breach of non-compete)
(if Employment Contracts Optional Additional Benefit has been taken);

the pursuit of a third party relating to physical damage to property and/or goods owned which causes an uninsured financial loss ;

the pursuit or defense of a personal dispute with a neighbor relating to fences
(if Personal Legal Expenses Cover Optional Additional Benefit has been taken);

the pursuit or defense of a personal dispute under an agreement for goods or services (eg. purchasing/selling a house; dodgy kitchen renovation)
(if Personal Legal Expenses Cover Optional Additional Benefit has been taken).

 Contact Us

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 Downloads

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 Other Key Facts

Standard Sum Insured: $100K per claim / $250K in the Aggregate;

With Contractual disputes:

Minimum amount in dispute: $10,000 ($3,000 for personal cover)

We automatically cover all* existing and new contacts
(*standard cover excludes construction and employment contracts but these can be included as optional extras). 

Excludes known circumstances at inception and new circumstances within first 90 days of inception.  

With the higher limits and cover for fines & penalties available under traditional Management Liability policies, we would see the LEXI policy as a key part of an overall insurance program, and not as a replacement for Management Liability.

We can generally consider any business (other than crowd control, government departments, statutory bodies, armed or emergency services) with turnovers not exceeding $30mil.

 Cover Summary

Click  here  for the standard product cover summary

Click here for the Strata product cover summary