Legal expenses insurance (LEI), legal protection insurance (LPI), or simply legal insurance, offers protection from any individual or business from the often significant legal fees associated with litigation.
Everyone knows that hiring a lawyer is usually an expensive but necessary undertaking for many legal matters. The average experienced lawyer charges around $414 per hour, and the typical cost of a two day civil trial is $31,330. With many cases stretching for longer than two days, legal expenses can rapidly pile up and become insurmountable. With Canada becoming an increasingly litigious society, it is usually only a matter of time before a business or individual faces some kind of legal challenge.
If you wish to protect yourself, your business, and your loved ones from potentially catastrophic legal fees, legal expenses insurance in Toronto is essential.
In essence, Toronto legal expenses insurance protects you from having to foot the bill on any legal fees incurred if you should face legal action.
Business and individuals alike can face difficulties with the law from many different angles these days. Customers that are dissatisfied with service, or hurt themselves on your property, can hit you with extremely expensive lawsuits. Disgruntled employees, failed product launches, or any other myriad of legal complications can leave you open to serious financial issues when it comes time to pay for your legal defense.
Similarly, individuals are more susceptible to litigation than ever before. Civil suits have steadily increased over the past decade, especially motor vehicle cases, and it seems people are ready to sue at the drop of a hat. Without adequate protection, an individual could be on the hook for hundreds of thousands of dollars in legal fees in no time at all.
Legal expenses insurance provides you with a safety net in the event you are facing legal action. Instead of worrying about how you will pay for your defence or prosecution, you can focus on getting through the stressful situation and working towards the best outcome.
Legal expense insurance in Toronto is more important than ever to protect businesses and individuals from complete financial collapse should legal action arise. With costs for litigation climbing every year, a single drawn out lawsuit can cost hundreds of thousands of dollars. For larger business, this can often stretch into the millions of dollars. Legal expenses insurance provides you with peace of mind knowing that you will be able to cover whatever fees are necessary during your legal battle.
Legal expenses insurance helps to provide financial assistance for a range of necessary legal services should you face litigation. These can include:
While legal expenses insurance typically covers these things as standard, there are special inclusions you can request in your individual policy if you believe you might need them in the future. Simply speak to a qualified commercial insurance broker in Toronto to find out what can be covered.
Legal expenses insurance is one of the most universally applicable insurance types, offering benefits to everyone from private citizens to multinational corporations.
Very few individuals could financially survive a serious lawsuit. Even if you successfully defend against a claim, there is no guarantee that your legal fees will be covered by the plaintiff. Should you lose a claim you brought against someone else, you might even be on the hook for the defendant’s legal fees as well as your own.
Businesses large and small are perhaps even more exposed to the risk of legal action. While huge corporations might have the deep pockets to protect against a big lawsuit, smaller businesses might find themselves insolvent in a matter of months should they get caught in a drawn out legal battle.
Legal expense insurance ensures you do not have to face the prospect of paying thousands of dollars in legal fees yourself, and enables you to get adequate legal representation should you face legal action.
With more lawsuits happening than ever before, legal fees are a constant threat to individuals and businesses alike. From civil suits to class action, criminal to family law, legal proceedings are rarely fast or cheap. If you want to protect your finances from the potentially devastating effects of a legal battle, contact the experts at KASE Insurance today.
Our team of highly experienced commercial insurance brokers in Toronto have made it their top priority to create the most comprehensive legal expenses insurance policies in the GTA. We take the time to understand your specific needs and concerns and then create customized policies that cover you for things you need, so you don’t pay for things you don’t.
When it comes to legal expenses insurance in Toronto, look no further than KASE Insurance. Contact us today.
By far the most professional and trustworthy insurance brokerage I have known. We have been working with this firm for number of years now and I have nothing but good to say about their team and services. Stan and his team won't stop until we are fully satisfied. They are always on top of things, super fast in their assistance and very professional. I highly recommend this firm to anyone seeking for great insurance brokerage to work with. Big Thank You to Stan and Kase Insurance for many many years of great service!
Reviewer: Alex K
out of 5 stars
Stan and is team at KASE Insurance have been fantastic in explaining what insurance we needed for our business. Very hands on approach and detailed. I work highly recommend KASE Insurance for any business owner looking for great service.
Reviewer: Kyle Grooms
5 out of 5 stars
The KASE team is very easy to work with. They answer your questions quickly, walk you through the process patiently, and find you great rates. We've been working with them for a few years and we haven't felt the need to shop elsewhere because of their customer service.
Reviewer: Sasha Boersma
5 out of 5 stars
