What is Legal Expenses Insurance?
Legal expenses insurance, also known as legal protection insurance, is a type of insurance policy that covers the costs associated with legal disputes. These costs may include lawyer’s fees, court costs, and other expenses incurred during a legal case.
What does Legal Expenses Insurance cover?
Legal expenses insurance policies typically provide coverage for a range of legal disputes, such as employment disputes, contract disputes, personal injury claims, and disputes with landlords or tenants. Some policies may also cover criminal defense costs.
Legal expenses insurance can be purchased as a standalone policy or as an add-on to an existing insurance policy, such as home or car insurance. The cost of the policy will depend on various factors, including the type and level of coverage provided, as well as the policyholder’s risk profile.
Why buy Legal Expenses Insurance?
Legal expenses insurance can be a valuable investment for SMEs, as it can provide financial protection in the event of a legal dispute. However, it is important to carefully review the terms and conditions of any policy before purchasing it, to ensure that it provides adequate coverage for your needs.
How much does Legal Expenses Insurance cost?
The cost of legal expenses insurance can vary widely depending on several factors, including the type of coverage you need, your location, the insurance provider, and the specific terms and limits of the policy.
For an indicative quote for legal expenses insurance please Contact Us
Who is Legal Expenses Insurance for?
In most jurisdictions legal actions are costly, particularly for SMEs, who often struggle to keep up to date with business legislation and regulatory requirements, including data protection, employment, health and safety, or many other industry specific regulatory requirements.
Why work with Continuum?
Our in-depth knowledge of both the industry and the appetite of insurers allows to advise clients on the appropriate solutions to help them protect their business and offer value to their clients. We take a client-centric approach, appreciating that insurance may be a future requirement rather than an immediate need and advise on the timing of policy inception as well as helping with payment schedules and budgeting requirements. Our aim is to advise and assist digital asset firms from seed to flower and become a long-partner with them through their journey to success.
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