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Legal Expenses Insurance

In Canada, an overlooked class of insurance is legal expenses insurance (or legal protection insurance in some countries), which can provide coverage for legal costs associated with disputes and issues not covered by the typical and common commercial policies. Legal expenses insurance is a natural complement to the business insurance coverage your clients now have.

Legal costs is very expensive in Canada. Some business can not afford it.


What’s Covered in Legal Expenses Insurance Policy?

Coverage is afforded to the business and its officers, directors, managers, employees and if necessary, its volunteers.

The usual perils or risks a legal expenses insurance policy provides coverage for include claims that allege breach of contract, defence of criminal and qussi-criminal charges, employment disputes, business licence protection, property protection and tax audits.

  1. Contract Claims
  2. Employment Disputes
  3. Legal Defence
  4. Business Licenses
  5. Property Protection
  6. Tax Protection
  7. Legal Advice


The typical business insurance package offers your clients a defence to claims brought against it by third parties claiming damages arising from negligence or property damage. However, what they do not offer is coverage for matters that arise from day to day business operations such as claims for breach of contract. In addition, unlike typical liability policies that only respond to claims made against your clients, a legal expenses insurance policy can also cover the cost of claims that may be brought by your clients. A legal expenses insurance policy will enable your clients to obtain a remedy through the courts.

A legal expenses insurance policy can fill in the gaps that your business client’s typical liability insurance program unintentionally creates, issues that the typical liability insurance policies do not cover. Liability insurance does not provide plaintiff coverage and typical business insurance programs do not provide coverage for legal disputes unrelated to claims for negligence but that arise in the course of business. These are the gaps and the costs associated with these issues are the areas and costs that legal expenses insurance policies cover.



Commercial Construction Cost Trends 3rd quarter 2008

The data is provided by MSB.
Key Cost Trends in Canada
The average wage rate increased by 0.9% for the quarter and 3.6% for the year. The average material cost increased by 0.3% for the quarter and decreased 1.3% for the year.
Lumber – Lumber prices decreased 2.6% for the quarter and 7.8% for the year.
Plywood – Plywood prices decreased 2.6% for the quarter and 4.5% for the year.
Drywall – Drywall increased 0.4% for the quarter and 0.4% for the year.
Asphalt Shingles – Asphalt Shingles increased 0.1% for the quarter and decreased 2.2% for the year.
Ready Mix – Ready Mix decreased 0.4% for the quarter and increased 0.3% for the year.
Copper Pipe – PVC Pipe prices remained unchanged for the quarter and decreased 5.3% for the year.
Structural Steel – Structural Steel increased 6.2% for the quarter and 8.8% for the year.
Reinforcing Bars – Reinforcing Bars increased 8.0% for the quarter and 11.3% for the year.
Steel Deck – Steel Deck decreased 0.3% for the quarter and 1.7% for the year.
It is a history now. Financial crises is coming. How about the 4th quarter 2008?
I think it will be a decrease and big decrease next year.

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