28th June 2010
Before The Event Legal Expenses Insurance Will Cover All Of Your Event Suppliers
A before the even legal expenses insurance provider will be able to understand your needs and deliver a product designed to meet your specific requirements.
A before the even legal expenses insurance provider will be able to
understand your needs and deliver a product designed to meet your
specific requirements. They are always keen to work closely with
solicitors, accountants, broker networks and underwriting agencies to
develop solutions relevant to their client’s demands and needs. These
providers are well experienced and can assist the clients to better
manage the risks, which they are facing. They provide innovative
sustainable solutions and insure against the legal risks faced by the
business community as well as offer clear and simple communication,
exceptional customer service and inexpensive products. You can rely on
these specialists for truly insightful advice and a cover that is
tailored to meet your specific requirements.
• Before the event legal expenses insurance advisers also specialise in
structured arrangements (through standalone or protected cell captives)
for intermediaries, affinity groups and specialist agents, providing
them with the opportunity to share in the underwriting results. They
offer vital underwriting expertise and capacity to fulfill the legal
expenses insurance requirements. Their unique products are made
especially for the clients’ needs. Most insurance brokers work closely
with distribution partners comprising of insurance brokers, trade and
affinity groups, insurers and professional organisations who sell and
distribute the products and services to their clients and members.
• In some cases, even if you may win your case but still be liable to
pay your own legal costs as well as the legal costs of the other party
to the dispute, particularly if you are at fault in some way. In
majority of cases the amount of any out of pocket expenses will be
payable regardless of the outcome of the case. In addition to that, if
the case is lost it is likely that you will be ordered to pay the other
side’s legal costs, which are not covered.
• Before the event legal expenses insurance normally includes motor,
personal and commercial legal expenses insurance.
• This type of insurance is quite easily available to both the
individuals and companies. You can get this insurance by either adding
cover to a household, motor or just as general commercial policy. The
cover may also be ideal for the other side’s costs for an event that has
already occurred, such as a personal injury, contract dispute or
• It is no secret that legal advice can be costly, and often this can
stop an individual from seeking to enforce their rights. You must
consult an advisor prior to choosing an insurance company, to discuss
your requirements and conditional fee agreements. You may also take
advantage of the funding options that are available to assist with the
cost of legal work.
Most of the time, a dispute has a general principle, which is that the
loser will have to pay the winner’s costs. Before the event legal
expenses insurance allows access to advice and cover for the legal costs
of pursuing or defending certain classes of legal action.