Why purchase legal expenses insurance as a business?

What are the benefits of legal expenses insurance for my business?

A legal dispute is sometimes very complex and the legal costs can be significant. As a business owner, you may face litigation costs, attorney fees and independent expert fees. This is always annoying, but can be especially challenging if you are a starting entrepreneur. Then you often haven't built up a large buffer to absorb such costs.

In addition, of course, prevention is always better than cure. Unfortunately, a legal conflict cannot always be prevented. Especially as an entrepreneur, you have to deal with many different parties, which makes a conflict more likely to arise. If you take out legal assistance insurance for your company, you can be sure that (part of) the costs will be reimbursed. You will also be assured of expert legal advice. Legal help can help resolve a conflict, or sometimes even prevent it. Therefore, it can't hurt to take out legal assistance insurance for your company.

What is insured?

With legal expenses insurance for your business, a number of things are covered as standard. Standard coverage includes:

• Business or professional practice

Conflicts may arise regarding your business operations, for example, when your business grows, when you enter into a partnership or when new activities are started. With legal expenses insurance, you are assured of legal help with conflicts that arise from your company's operations.

• Collection

You are also insured for collection assistance. For example, if a client or customer refuses to pay an invoice, your insurer will take over the collection process from you. That way you don't have to chase payment yourself.

• Traffic

You will get legal help if you want to recover damages and personal injuries sustained in traffic. You also get help in criminal cases with legal expenses insurance.

You will receive legal help with conflicts concerning, among other things, labor law, insurance, permits, environment, criminal and disciplinary matters, real estate used by you, agreements with suppliers and customers or buyers who do not pay. You can also purchase a number of additional coverages:

• Legal aid for motor vehicles

With this additional coverage, you get legal help in the event of a conflict over motor vehicles you use for your business.

• Legal aid for individuals

Business legal expenses insurance is expandable with private legal expenses insurance. With this additional coverage, you and your family will receive legal help in the event of a conflict over a private matter.

What is not insured?

There are a number of situations in which legal expenses insurance does not provide coverage. With most insurers, it is in the following situations:

• If you report a conflict late
• In cases of intent and existing conflicts
• Conflicts not related to the normal or customary activities of your business or profession
• Conflicts over taxes, such as a tax assessment, levies, import duties or excise taxes

Also, some items are already excluded from coverage by default. These things generally apply to any insurance policy. For example, you will not get coverage if you commit fraud when taking out insurance or claiming damages. There is also no coverage if you have damages due to intentional, reckless, criminal or criminal acts. Finally, molestation is also excluded from coverage by default.

Get legal expenses insurance for your business through Alpina!

Do you want to take out legal expenses insurance for your company? Then calculate an indication of your premium with us. With our online comparison tool you can compare different coverages and premiums. Always check the policy conditions to see if there are certain situations in which the insurer does not offer coverage.

Are you unable to find it or do you still have questions? Then you can always contact us. You can reach us by phone at 088- 688 37 00 or send us a message via chat, WhatsApp or Messenger. We are happy to help you!