ARAG Legal Expenses Insurance
Legal expenses insurance is a type of insurance that covers the cost of legal fees, expert witness fees and other costs. Studies have shown that legal insurance people said that having legal expenses insurance reduces their stress.
Legal expenses can be used to protect your assets from lawsuits or claims for compensation. It also protects you if you are taken to court as it helps mitigate the risk of incurring large legal bills without an income stream. The ARAG Group offers many types of coverage, including travel medical, life insurance, short-term disability, auto liability and more. If you would like to read more information or learn more about the pricing of business insurance, you can do so here.
Why Do You Need Legal Expenses Insurance
We will list a few reasons and scenarios for why and where you can need legal expenses insurance.
Legal Fees are Expensive
The average cost in the UK is between £200 and £296 per hour. If you need a lawyer, the bills can start adding up quickly. A lawyer with relatively more minor experience may charge less. Legal expenses insurance gives you the security of hiring a law firm without having to break the bank as your insurance company will pay for your legal proceedings.
You Are At Risk of Lawsuits
No one is immune to lawsuits and claims for compensation. The number of cases received in the court’s systems every year is in the millions.
Your Job Requires You to Travel
If your job requires you to travel regularly, it’s essential to have travel medical insurance. However, if something happens while you are away from home and do not have travel medical insurance, you may end up in court and need legal expenses insurance.
You Are At Risk of Lawsuits as an Employer
If your job requires you to hire employees or subcontractors, your company is at risk of lawsuits from those individuals. You should purchase separate coverage for employee liability if the individual works under a contract wit
h unlimited duration (or one lasting longer than 12 months). But even without contracts, most companies are still liable for injuries incurred by their employees while on official business. Suppose you are found guilty of causing injury or damage through negligence or any other reason. In that case, it can be expensive depending upon how long the trial lasts and what claims are made against you during this period. ARAG helps protect your business against these risks.
You Own a Business
If you own a business, you are at risk of being taken to court. Thousands of businesses all over the world get sued every year.
You Are Buying/Selling Property
When buying or selling property, it’s important to have title insurance to protect yourself from any legal disputes that may occur during the sale process. Title insurance can help cover the cost of defending and settling any legal claims that may arise from the transaction.
Your Employee Gets Injured On the Job
If an employee gets injured on the job, you may be held liable for their medical expenses. ARAG can help cover the cost of those expenses and any legal fees that may arise from the injury.
Business Contract Disputes
If you are in dispute with another business over a contract, legal expenses insurance can help cover the cost of hiring a lawyer to help resolve the situation. This is one of the most common disputes in the business world, and the ARAG legal team is well equipped to help you in such scenarios.
Why Choose ARAG Legal Expenses Insurance
There are many reasons why you should choose ARAG legal expenses insurance. Some of the key benefits include:
– Protection against expensive legal fees
– Coverage for a wide range of legal proceedings
– Access to a team of experienced lawyers
– 24/hour emergency assistance
– Worldwide coverage
You can’t put a price on peace of mind, and with ARAG, you know that you’re protected if any legal issues arise.
ARAG offers legal expenses insurance for almost all legal proceedings, whether personal or business. So whether you have a contract dispute in a business or you have a personal dispute going on with your neighbour, ARAG can help you pay your legal fees, so you don’t have to worry about getting justice just because you didn’t have the funds. However, their primary focus is on businesses. All types of small and large businesses can get ARAG legal expenses insurance.
Compare Through Us
ARAG is a great insurance company; however, dealing with insurance companies can be difficult if you are unaware of how they work. We have an experienced team that knows the ins and outs of the insurance industry. You can compare different insurance policies on our website and make an informed decision based on comparing different features of each policy.
Find out more about the importance of insurance here.
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