Legal Expenses
Insurance
Legal Expenses Insurance provides financial protection for businesses to cover the costs associated with legal actions.
It helps individuals and businesses afford legal representation and access to justice by covering legal fees, court costs, and other expenses associated with legal disputes or claims. Given legal costs can be significant, it is a cover we highly recommend.
Do you need Legal Expenses Insurance?
Legal expenses insurance is valuable for individuals and businesses who want financial protection against the high costs of legal representation and litigation. It can help level the playing field in legal disputes, ensure access to quality legal services, and provide peace of mind knowing that legal expenses are covered in the event of a legal conflict.
The key components of Legal Expenses Insurance
Coverage
Legal expenses insurance typically covers the costs of legal representation and related expenses in a wide range of legal matters, including:
- Civil disputes, such as contract disputes, property disputes, or landlord-tenant disputes.
- Employment-related disputes, such as wrongful termination, discrimination, or harassment claims.
- Personal injury claims, including motor vehicle accidents or slip-and-fall accidents.
- Criminal defense costs for certain types of criminal proceedings.
- Tax disputes, such as audits or appeals.
- Legal assistance for issues related to consumer rights, family law, or immigration.
Legal Representation
Legal expenses insurance policies may provide access to a network of pre-approved attorneys or law firms, or policyholders may have the flexibility to choose their own legal representation. The insurer typically pays for the legal fees and expenses directly to the solicitor or law firm.
Policy Limits and Deductibles
Like other insurance policies, legal expenses insurance may have coverage limits, which represent the maximum amount the insurer will pay for legal expenses, and deductibles, which are the amounts the policyholder must pay out of pocket before insurance coverage kicks in.
Legal Helpline
Some legal expenses insurance policies offer access to a legal helpline or hotline, where policyholders can receive legal advice and guidance on various legal matters from qualified attorneys or legal professionals.
Legal Assistance Services
In addition to covering legal fees, legal expenses insurance may provide additional services such as document review, mediation, arbitration, or negotiation assistance to help resolve disputes outside of court.
Claims Process
To make a claim under a legal expenses insurance policy, policyholders typically need to notify the insurer of the legal dispute or claim and provide relevant documentation, such as court filings or correspondence from solicitors. The insurer will then assess the claim and determine coverage eligibility.
How much Legal Expenses Insurance cover do you need?
Determining the appropriate amount of legal expenses cover you need depends on several factors. Key amongst them is to consider the types of legal risks you are most likely to encounter based on your personal or professional circumstances. Evaluate the likelihood of facing legal disputes or lawsuits in areas such as employment, housing, contracts, or personal injury. It’s not an easy area, but we can work with you to understand your potential exposure and build a policy that covers your needs.
Step 1
Your business
We meet with you to understand your unique business and the risks it faces.
Step 2
The market
We will take the information and research the market to find the most suitable policy.
Step 3
Your cover
Once you have agreed, we put your policy in place and you are covered.
If you have an insurance need then please get in touch
At Minories Partnership we work with our clients to construct the most appropriate insurance programme for their specific needs. And we’d be delighted to do the same for you. Get in touch and we can talk to you about your needs with no obligation.
