Legislation and litigation are, unfortunately, common words in the business world. Coupled with the rise of no-win-no-fee solicitors and Britain has spiralled into a compensation culture.
On a daily basis, there are many activities we undertake that can go wrong and lead to a legal issue so it is important that you are in a position of financial strength to either defend or pursue an action.
With even the most junior of legal staff commanding over £100 an hour the cost of legal action is high, luckily legal expenses insurance can provide the cover you need.
Whether you are an individual or a commercial business owner we will provide expert advice on your requirements. Legal advice is not cheap and it is essential to ensure you have the right cover in place should a legal issue arise. We work with a selection of specialist legal expenses insurance companies and will recommend and advice on cover reflective of your needs. Our policies are some of the most comprehensive around whilst remaining competitively priced.
There are a number of legal expense policies available for different circumstances. Each policy will provide legal expenses cover for pursuing and defending actions as well as specific cover for its policy type.
Each legal expenses insurance policy will differ and it is important you seek expert advice on what policy is right for you.
If you use your own solicitor it is important to check what the conditions of your policy are, because some policies will require use of their own solicitors.
Yes, varying excesses will apply, dependent on the policy type.
Although best practice there is no legal requirement to take out legal expenses insurance.
No, legal expenses will not cover any action that has already been started.
Both options are available for purchase, in some instances you may wish to purchase both.
In many packaged insurance policies it is so it always makes sense to check with an expert if you are covered before purchasing standalone commercial legal expenses.