Does business legal aid make sense?
Sometimes I lie awake with all the hassles of running a business. Of course being self-employed is fun and challenging, but it's also exciting. Because what happens if a client doesn't want to pay or he takes me to court? Does it make sense to take out insurance for that?
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Be reasonable
Of course, as a business owner, you are at risk. But before you purchase business legal expenses insurance, you should ask yourself how great this risk actually is. How large are the amounts you work with and what is the potential damage? Legal expenses insurance is always reactive. That is, help is provided only when things go wrong. You can also limit the risk you run by being well informed. For example, by joining a trade association. Or by attending workshops on drafting General Terms and Conditions or making a watertight quotation. You can also try to avoid a conflict by keeping in touch. Be reasonable! Call your customer if you suspect there are problems. You can often work things out if you respond quickly and are helpful.
Protect your business
But a problem can still get out of hand. Even if you do everything you can to prevent it. A lawyer quickly costs $150 an hour. And angry relationships are obviously not good for your business. So if you want to protect your business properly, it makes sense to take out business legal expenses insurance.
Legal help
What exactly does business legal expenses insurance entail? First, you can seek free telephone advice from the insurer's lawyers. In more complex cases, the lawyer will contact your client on your behalf. He or she can object, negotiate and even go to court for you. The cost of the lawsuit and the opposing party's legal fees (if the court orders you to do so) will be reimbursed. Any bailiff or expert witnesses will also be paid from this insurance.
Calculate the premium for business legal expenses insurance right away!
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