A business dispute; now what?
As a business owner, you would naturally rather be busy with your business than with legal matters. You try to provide the best possible service to your customers, and you make sure that you work well with suppliers and partners. Nevertheless, a conflict can arise. Of course you want to resolve it as quickly as possible.
Utility and necessity
With business legal expenses insurance, you are insured for legal assistance in the event of a conflict with suppliers, employees or customers. For example, if a supplier does not keep the agreements. The insurer can then help you and tries to resolve the conflict on your behalf. You do not have to hire a lawyer or other legal counsel for this.
Legal expenses insurance is not mandatory. Yet many business owners see such insurance as a necessity. Why? You can always unexpectedly end up in a legal conflict. This often carries a high price tag and also costs you a lot of time and energy.
What is insured?
"Legal expenses insurance for business owners helps solve problems and save costs. What exactly is insured? Basically, legal help in a business conflict is insured. Of course, conditions and prices may vary from one insurer to another.
Many legal expenses insurance policies also cover mediation, mediation and legal advice. This includes, for example, advice on personnel, social legislation and the purchase or rental of business premises. With this, in many cases, legal proceedings or lawsuits can be avoided and that, of course, is best for all parties."
Dennis van Dijk
Business advisor at Alpina Roerdalen
What is usually not insured?
Legal expenses insurance does not cover everything. There are also matters that are not covered. This often involves legal conflicts and disputes around:
- Tax Matters
- A traffic violation
- Bankruptcy
- Associates among themselves
- Merger or acquisition of companies
- Disputes with parties abroad
- Lending, grants and the like
- Brand names, patent rights, trade name rights, copyrights
Want to know more?
Want to learn more about legal expenses insurance options? Feel free to contact us. We will be happy to help you with appropriate advice.
