Legal expenses insurance for claimants and defendants
Access to an insurance solution that can indemnify your own legal costs and disbursements or an opponent’s cost award in the event of a loss at trial.
- Cash recovery up to the limit of indemnity if the claim is lost at first instance.
- Financial impact of losing the dispute is limited to the amount paid for the insurance premium plus any agreed retention/excess.
- The impact of the loss on the company’s P&L is offset by the insurance claim payment.