What is Legal Expense Guard?

Flexible Policy Limits

Coverage for your own attorney fees and costs subject to co-insurance.
Coverage from first dollar covering the risk of being assessed with the other side's attorney fees and costs.
Flexible limits.

Notable Policy Features

One policy form for both coverages.
Only product specifically designed for the U.S. legal system.
Own and Opponent's attorney fees and costs covered only in the event of a loss after trial by adverse verdict.

What Parties, Lawyers and Financiers Fear

Losing a strong case and not recovering the investment in the case.
Adverse fee shifting award and having to pay it.
Jeopardizing capital by taking on too many cases.
Negative impact on financial statement from loss of a strong case.
Case collateral is insufficient to support a credit facility.
Difficulty in onboarding the best lawyers subject to alternative fee structures.

Solutions Provided by Policy

Recovery of investment in an insured case even after a loss at trial.
Indemnity for an adverse fee shifting award without having to reserve funds.
Capital protection when undertaking cases.
Credit enhancement of case collateral.
Assurance required to pursue the most favorable outcome through trial or settlement.
Onboarding the best lawyers for your case through structuring of fees and costs.
Most capital efficient hedging product.

Types of Eligible Cases

All types of cases are eligible, subject to underwriting assessment.
- Contract Cases.
- IP Cases.
- Tort Cases.
- Statutory Cases.

Who can Buy the Policy

Anyone with an insurable interest - i.e., party, lawyer, bank or funder.
Must have:
- Attorney identified or engaged.
- No disciplinary actions or sanctions against the Attorney.
- Minimum of 5 years of handling similar cases by Attorney.
- Case evaluation by Attorney.