7 Reasons to Purchase Legal Expense Insurance

1. Personal insurance policies may not be used for business purposes

You cannot use your personal legal expense insurance for business purposes—not even if you’re self-employed. So the old saying, “Accidents happen,” could end up costing you dearly if you’d relied on it. Did you know that a lawyer’s hourly rate ranges from €100.00 to €300.00?

2. Help with a complaint directed at you

Legal expense insurance for businesses protects your company if you find yourself in a dispute. You’ll receive legal assistance if someone accuses your company of something. This could include a complaint from a customer about the work you’ve delivered or an employee who complains about the contract you have with him or her.

3. Standing Your Ground When You Have a Complaint

Of course, the opposite can also happen: Suppose the raw materials you purchased aren’t delivered on time or don’t meet the promised quality standards. If you can’t reach an agreement with your supplier, legal assistance insurance will provide you with legal support. And did you think there was nothing you could do about the municipality that refuses to grant you a permit? With business legal assistance insurance, you’re suddenly no longer on your own. You can claim both direct and indirect costs.

4. Prevention

Legal expense insurance also serves a preventive purpose. You’ll receive advice on how to protect your business so that you’re less likely to become involved in a dispute. For example, are your General Terms and Conditions in order? And do all your documents comply with the law?

5. Dealing with Delinquent Payers

Do you ever have to deal with “delinquent payers”—customers who don’t pay or pay far too late? You can expand your legal expense insurance to include debt collection coverage. This will provide you with assistance in getting customers to pay their outstanding bills.

6. Fleet Insured

A large fleet of vehicles is often a reason to also purchase motor vehicle coverage. This ensures that everything in your company that is motorized is legally insured, including tractors, machinery, and forklifts.

7. Don't take any risks

Isn’t that just like in the U.S.? Do we really have to seal everything off and board it up? These are dilemmas we’re facing more and more often. And yes, unfortunately, the “claim culture” we know from the U.S. is also becoming more common in the Netherlands. That’s partly because we’re increasingly well-educated. We’re more aware of the possibility of challenging something. In addition, the internet and social media play a major role. We know how to find each other, quickly share our frustrations, and are becoming increasingly aware of our rights to file claims. That’s a good thing, but at the same time, it poses a major risk to your business. So weigh whether you’re willing to take that risk or whether you have enough energy, time, and resources to survive a legal dispute.

The online insurance specialist

Would you like to learn more about legal expense insurance for businesses? Or would you like to know what other types of business insurance are available for your company? Check it out right away at Alpina.nl. Because Alpina specializes in business insurance. We’re fast, professional, and affordable. With us, you can get legal expense insurance for as little as €20.00 per month. So don’t take any unnecessary risks—protect your business!