MLchartDataset catalogue

Business legal expense insurance (LEI)

Term · Insurance and risk management · MLC-T-INS-000648

A type of insurance that covers legal costs incurred by a business for specific events, such as contract disputes, employment tribunals, or tax investigations. It protects against unexpected legal fees that could otherwise impact a company's financial stability. Policies can be purchased as a standalone product or as an add-on to other business insurance.

Table 1. Record
IdentifierMLC-T-INS-000648
FieldInsurance and risk management
AbbreviationLEI
Record as JSON 
{
  "id": "MLC-T-INS-000648",
  "term": "Business legal expense insurance (LEI)",
  "field": "Insurance and risk management",
  "definition": "A type of insurance that covers legal costs incurred by a business for specific events, such as contract disputes, employment tribunals, or tax investigations. It protects against unexpected legal fees that could otherwise impact a company's financial stability. Policies can be purchased as a standalone product or as an add-on to other business insurance.",
  "abbreviation": "LEI",
  "url": "https://mlchart.com/terminology/insurance/business-legal-expense-insurance-lei/"
}

Record 424 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.