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Australia’s female entrepreneurs are making impressive strides, with the number of women running their own businesses soaring by 77% since 1991. Whether they’re managing florists, beauty salons, retail stores, marketing agencies, or corporate consultancies, women are proving themselves as successful business leaders across a wide array of industries.

However, success doesn't come easily. Female entrepreneurs often encounter significant challenges, including financial pressures, legal complexities, and the constant balancing act of work and personal life. Navigating these hurdles can be difficult, but the right support—particularly legal support—can be a game-changer. That’s where Business Legal Expense Insurance (LEI) steps in, offering essential legal protection that helps businesses thrive, enabling women entrepreneurs to focus on growth and innovation without the burden of legal uncertainties.

 

Challenges Female Entrepreneurs Face

Running a business is rewarding, but it comes with challenges. Female business owners often navigate unique hurdles, including:

The gender pay gap

Women entrepreneurs earn nearly 50% less than their male counterparts, highlighting the financial disparities that still exist.

Imposter syndrome

Confidence can be a challenge, with many women doubting their abilities despite their success.

Work-life balance

Women often juggle multiple responsibilities, from managing their businesses to looking after family commitments.

Financial pressures

Access to funding and resources can be more difficult for women, making financial security a key concern.

With so much to manage, dealing with unexpected legal matters can add unnecessary stress and financial strain. That’s why having the right legal support in place is crucial for long-term success.

 

What is Business LEI, and what does it cover?

Business Legal Expense Insurance (LEI) is designed to protect business owners from unexpected legal costs, helping to navigate disputes and legal issues without breaking the bank.
For female entrepreneurs, regardless of the size of your business or industry, LEI provides invaluable peace of mind. By covering legal expenses for a range of common business challenges - LEI empowers you to focus on growing your business with confidence and security. Don't let legal worries hold you back; let LEI be your trusted partner in success.

Employment disputes (e.g. wrongful dismissal claims or contract disagreements)
Supplier or customer disputes
Property damage, trespassing, or nuisance claims
Tax audits or investigations
Business licence disputes

In addition to financial coverage, Business LEI provides access to ARAG LegalAssist helpline and document centre. These resources can save valuable time and money, helping business owners manage contracts, policies, and legal matters efficiently.

 

Why Business LEI is a game-changer

For women in business, time and financial stability are precious. One of the most common mistakes women make when starting a new business is not ensuring proper legal documentation and protections are in place from the start. Business LEI offers essential legal protection and support, empowering female entrepreneurs and freeing them up to focus on what they do best—building their businesses.

With Business LEI, you gain access to invaluable tools and advice through ARAG LegalAssist, ensuring you're covered when you need to make a claim and removing the financial burden of costly legal bills. Expert advice is only a phone call away, and legal templates are at your fingertips, allowing you to make informed decisions and safeguard your venture from day one.

This protection not only helps prevent common legal pitfalls but also fosters long-term stability and growth. Most importantly, Business LEI gives you the freedom to focus on your passion - spending more time building your dream business and less time worrying about legal risks.

Want to learn more about how Business LEI can support your clients? Get in touch today.

 
 

ARAG Services Australia Pty Ltd (ABN 14 627 823 198) (ARAG) has been granted delegated authority by the Insurer to enter into, vary or cancel Policies and handle Claims on their behalf. In providing these services, ARAG acts on behalf of the Insurer and not as Your agent. ARAG is authorised to provide financial services in accordance with its Australian Financial Services Licence (AFS Licence number 513547). Any advice provided by ARAG in relation to this product is general in nature and does not take into account Your individual circumstances.
The Insurer is detailed in your policy documents.

All enquiries should be addressed to ARAG.

Any advice contained on this website is general advice only and has been prepared without considering your individual objectives, financial situation or needs. Before purchasing or renewing a product we recommend that you consider if it is suitable for your circumstances and read the policy terms and conditions.