Protecting Your Business with Legal Expense Coverage Insurance
Even if you've never spent an hour in an attorney's office, we all
instinctively know that lawyers cost a lot of money. Three or even four
hundred dollars an hour is not unusual.
An hour or two may just about be affordable, but what do you do if you want
to sue someone or you're faced with days of legal services including,
perhaps, the services of an attorney in a prolonged court case -- and you
don't qualify for legal aid?
The only way to avoid this type of risk -- and it's more common than you
might think -- is to insure against it.
You may think you're already covered through the liability protection in
your home and auto insurance policies or, if you're in business, through
your commercial liability insurance.
But these don't cover you if you initiate action against someone else
-- in other words if you want to pursue your legal rights by suing another
person or organization.
And it won’t protect you with legal costs where liability is not an issue
or in other cases such as a disciplinary hearing, a dispute with a
contractor, or criminal disputes.
Legal expense insurance or legal protection insurance, LEI or LPI for
short, could be your solution. This type of policy includes business legal
Legal Expense Insurance Explained
What is legal expense insurance? It enables you to meet or offset the costs
of taking legal advice, employing lawyers on your behalf and of meeting
other legal expenses.
It's a fairly new yet affordable type of insurance in New Brunswick and
most of Canada. Now, with litigation cases and lawyers' fees on the rise
here, it could save you a fortune in the future.
What's Covered by Legal Expense Insurance?
Typically, legal expense insurance covers all legal costs and expenses (up
to specified limits), including consultations, advice and representation in
court or other hearings.
In addition to the risks outlined above, Legal Expense Insurance coverage
can be used in cases and disputes involving:
What Are the Benefits of Legal Protection Insurance?
The number one reason for taking out this type of coverage is to protect
against exorbitant and open-ended legal costs. You can get professional
advice, clarity on issues that you are not familiar with and a course of
action to address your issue.
In reality a great benefit of this Insurance is that, statistically, you
increase your chances of winning your case, compared with having inadequate
or non-existent legal representation.
In fact, most Canadians don't employ a lawyer when they first access the
legal system precisely because they don't have the legal expense insurance.
They may lose out as a result. The potential legal costs could be so
prohibitive, you may decide not to pursue a case even though you feel sure
You're much more likely to consult a highly-qualified lawyer if your
insurance company is going to pick up the tab!
How Pearson Insurance Can Help You
You need expertise when you purchase legal expense insurance because your
policy needs to be customized to a particular set of requirements and
You'll find that expertise at Pearson Insurance, where our team of professionals
already has the right experience and understanding of the way this coverage
We work with the small number of insurers who specialize in this field, so
we're able to secure the right coverage at the right price.
Find out now -- for free and without obligation -- how legal expenses
insurance can help you and how little it costs to get protected. Just call
us at (506) 432-1550, email us at email@example.com or
use the quote form on this website to contact us.