Litigation Protection Cover Australia
If you’re looking for first-class insurance services, we provide affordable, transparent litigation protection to enable attorneys, plaintiffs, and litigants to focus on getting the best results from their case. Litigation protection is insurance cover is designed to cater for all the costs spent by litigants, attorneys, and plaintiffs as they further their cases. This type of protection is usually sold on a case-by-case basis and therefore gives a unique opportunity to the individual cost disbursements of every case.
Litigation cost protection usually meets all costs that are spent in furthering of litigation including the expert costs, travel costs (airfare, accommodation, and ancillary travel expenses), deposition transcripts, trial exhibitions, filing fees, e-discovery, copies, mediator expenses, and all other costs that are incurred in the process of pursuing the case.
Why Litigation Cost Protection?
Having gone through the first paragraph, you’re probably wondering why you need litigation cost protection besides the fact that it caters for most of the costs related to litigation? The truth is that there is a lot more you will accrue when you take up litigation cost protection from your company. Here are some of the reasons why you should consider litigation cost protection.
• Peace of Mind
If your business has never been involved in a lawsuit, then you might not have a testimony to give regarding the stress levels you are exposed to when pursuing or advancing the trial. And as we all know, lawsuits have become unpredictable and could arise anytime. It is, therefore, essential to have the peace of mind knowing that even in the event of a trial, you will not have to take out any funds from your business to meet the litigation costs. Having litigation cost protection in place ensures that you can run your business operations without the worry of massive litigation costs.
• It is Comprehensive
If you’re a sole proprietor, the chances are that the magnitude of costs you will incur during litigation is lower than what a larger company will bear. However, your business model should not prevent you from securing litigation cost protection cover. The comprehensive nature of litigation cost insurance ensures that all costs spent in furthering litigation are insured. So, whether your business is a sole proprietorship or a multi-national, we will ensure that our litigation cost protection cover meets all expenses you might incur. And nothing gives you peace of mind better than knowing that you have all potential litigation costs covered.
• Flexible Solution
Besides being comprehensive, our litigation cost protection covers are a flexible solution for businesses. We do not confine you to a fixed rate for the cover and, as a result, have a reasonable price range within which you can select your ideal coverage. Our litigation cost protection coverage is available from as low as AUD 3,000 to as high as AUD 300,000. This means irrespective of the size of your business; everything is covered in this policy. All you have to do is calculate the total costs of your case and get a solution that best matches the amount.
What Does Litigation Cost Protection Cover?
As mentioned earlier, litigation cost protection protects you or your business against the risk of needing to pay all the costs associated with a lawsuit in the event that you lose the case at trial. Let’s further breakdown this so that it is easier to comprehend. If you hired an attorney but eventually lost your case, you still need to pay their fees, and this is where litigation cost protection comes in. Other costs covered by litigation cost protection include filing costs, trial sessions, and witness protection among others.
Once we have insured you, you just need to make a claim for all the costs, and this will be reimbursed up to your policy limits.
Who Can Purchase a Litigation Cost Protection Policy?
Litigation cost protection is available for individuals and businesses alike. However, it is often advisable for attorneys and plaintiffs who will be financing an act of litigation to buy litigation costs protection. Besides, lawyers who represent different clients on a contingency fee basis could buy litigation cost protection on the case-by-case criterion. Similarly, plaintiffs who have held onto a lawyer according to a daily, hourly or other fee arrangement and have to pay for litigation costs on their own could purchase litigation cost protection directly from us. It is, however, important to bear in mind that litigation cost protection is not usually available to defendants.
Let Us Help You
For an obligation-free, competitive quote, professional insurance advice or more information on how we can help you find the best litigation protection insurance solution, please contact one of our expert consultants today!