Legal Expense Claim? Expect Support and Resolution.
Going to court is a last resort for solving a legal situation. According to the 2013 Canadian Lawyer Legal Fees Survey conducted by Canadian Lawyer, the national fees of a civil action leading up to just a two-day trial can range from $13,561 to $37,229.1
For a small, medium or, quite frankly, any sized business, these costs – in particular, if you happen to be under-insured – can have a crippling bottom line impact.
Related Matters: Legal Expense Insurance 101
A legal expense insurance policy can provide your business with practical advice and priceless peace of mind. DAS Canada – part of the Das Group, the global market leader in legal expense insurance – shares a real Canadian claim example of how legal expense coverage responded to an employment dispute.
“Scenario: Kate is a DAS policyholder who was sued for wrongful dismissal by one of her ex-employees. The former employee alleged he had been discriminated against and was seeking $40,000 in damages. Kate was depressed, as she knew her business could not afford to pay $40,000.
Resolution: Kate called DAS and a claim was opened. A DAS panel lawyer negotiated with the former employee, who in the end agreed to drop the case. Thanks to her DASbusiness policy, Kate avoided approximately $10,000 in legal fees, plus the stress and time costs if this had gone to court.”2
Legal Expense Claim 101
As a business owner who purchases comprehensive legal expense coverage through ALIGNED Insurance, if you have a legal expense claim you can expect:
- Unlimited access to a Legal Advice Helpline to discuss any business related legal or tax matter
- Cost coverage for all reasonable costs incurred in pursuing or defending a claim including lawyers’ fees
- Disbursements such as medical reports, expert witness costs and court costs
- Adverse costs in the event the judge finds in the other party’s favour
ALIGNED Insurance clients recognize that priority claims response is just 1 of 18 points of differentiation that we offer Canadian organizations. Across the country, we offer comprehensive legal expense insurance and support our clients in the event that they should experience a legal expense claim.
An ALIGNED Insurance Advocate can provide guidance on the amount of legal expense insurance you need and what legal expense claim coverage your business can expect when a worst-case scenario happens.
Sources: 1 2013 Canadian Lawyer Legal Fees Survey, pg 36 Canadian Lawyer DAS Canada 2An Introduction to DASbusiness, pg 13
