Save Money and Avoid Unnecessary Legal Fees With Title Insurance
Title Insurance is a special insurance that is provided to protect the purchaser of a home or property from the expenses that can be accrued through court battles over property deeds.
How Legal Firms Can Help With Public Liability Insurance
Legal firms have the knowledge and resources to help clients with public liability insurance. Insurance for public liability protect the clients against claims of damage or loss of which a policy holder may have to be compensated by the other party. Such an insurance policy is able to protect the holder in covering losses which were created by others. These loses could include anything that is legally deemed to be negligent which resulted in the damage of property or the injury of a person. This policy has reached into other activities such as malpractice from doctors and other professionals. Although these policies help in protecting the holder, certain actions may lead for the policy holder to seek the assistance of a legal firm.
Since commerce and industry is based on activities and transactions which can affect third parties such as trespassers, sub-contractors, and members of the public, it is important to have Public Liability Insurance. These insurance policies do vary from state to state. Many business owners use Public Liability Insurance to cover themselves in the event of a lawsuit or environmental accidents. Most small business owners do not secure professional liability insurance because of the high premiums, however; if this type of insurance is not used, the cost of for a legal defence or settlement can exceed the cost of insurance policy. There have been times when this has happened to businesses, in which the claims sued for was enough to shut a business down.
Private businesses can really benefit from Public Liability Insurance because some business owners can occupy land that has a high risk for danger. Example; a tree branch can fall and land on a bystander. The bystander will have the right to sue the company for injuries. These types of claims are dealt with under the common law. Many insurance companies and legal firms offer Public Liability policies.
Most legal firms are able to assist clients in providing unique tools for detecting fraudulent activity along with providing Public Liability Insurance. Some of the time fraudulent claims can be made for personal injury. Clients will be able to detect the level of potential fraudulent claims using new technology. These risks can be detected at an early state to reduce the amount of loss on the client’s behalf. If the client is sued for claims, the insurance is meant to cover it. A legal firm can also suggest to clients what the right insurance policy to carry along with information about protecting themselves from claims and lawsuits could be.
A Review of the Prepaid Legal Services Income Opportunity
We all know how important it is to have insurance, whether it is car insurance, health insurance or even life insurance. Did you ever think about legal insurance? Well, that is what Prepaid Legal Services provide.
Harland C. Stonecipher started these services in 1969. He was in an auto accident that left him with huge legal bills. That is when he started searching for any legal defense plans in European legal industry. That is when he found the Sportsman’s Motor Club that offered legal expense reimbursement services as part of their motor club. He decided to start these services and began marketing in 1983. Now the company is in 50 states and Canada. And they market strictly through a network marketing system.
What does Prepaid Legal Services offer? They market legal service plans. They have a network of law firms over the US and Canada. The customer purchases a type of legal insurance that connects them with a law firm in their area. They receive legal services such as document preparation; unlimited attorney consults over the phone, and will preparation, traffic violation defense problems, general trial defense and criminal defense for auto related charges. They also offer identity theft services that can be added to the customer’s package.
This is a program that has a direct sales compensation plan. An Independent Associate will be able to make $50 to 182.50 on every $26 membership sold. When the Independent Associate markets 5 memberships per week, he or she is made a Senior Associate. At that level, the earnings will be $500 per week.
Prepaid Legal Services provide “hands on” experience in how to present the membership with others and help them to see the opportunity in sharing it with others. It works very simply.
1. You will first show the Prepaid Legal Services plan.
2. Sign them up
3. Mail the enrollment form to corporate office to be processed
4. Get paid
As soon as the membership packet is received at the main office, then a commission check is deposited right into your bank account. If you submit new business daily, you get paid daily.
What sets this apart from other direct sales marketing plans is the “daily pay” plans. Commissions, overrides and bonuses are paid on a daily basis. When an associate makes a; $26 membership sale, the company pays out a total of $245.50. The reason they do this is because most members stay with the company over the years.
Building your business is the best way to insure a great income for you if you decide to be a part of this company. When you have 3 legs beneath you and 75 sales, you reach the top level of Executive Director. If you only had 30 associates in your group sell one membership per week, assuming a one-year commission advance, you would be able to earn $975 per week. This is if everyone that purchases a membership stay in the program.
To get started will only be $49. This will include your sales materials; you’re training in the field, Support from your team, support from the Home Office through the Marketing Services Team, access to marketing supplies and online associate services.
Do your research on the Prepaid Legal Services before you decide. Think about how you will find your leads, your marketing plan. Do more in depth research on the marketing plan. Network marketing has statistics of 90% failure rate. Don’t be a part of that 90%.
Better Legal Billing: Win Win Client Options
In the old days of legal billing, lawyer’s invoices — usually a single page of elegant letterhead–contained only the phrase, “legal services rendered,” and a hefty dollar amount. No time breakdowns, no list of activities performed or equipment and supplies used–just a final, usually shocking, charge.
But client demands and the evolution of sophisticated billing software have led to more detailed invoices today. Itemized statements have triggered discussion among businesses about whether hourly billing is the best way to be charged for legal services. As the legal profession becomes more competitive and dependent on high quality customer service, lawyers need to embrace alternate billing methods.
Fixed or flat fees, contingency fees, non-refundable retainers with discounted hourly fees, blended hourly fees and variations on those themes are becoming increasingly common. But many law firms have been slow to join this trend — lawyers still perform approximately 95 percent of their corporate legal work on an hourly basis.
What does that mean for your small business? If your company is currently working with a law firm or looking for legal counsel, try requesting alternate billing options. While many law firms rarely initiate different options, they’ll negotiate when brought to the table. If you want something better than the old “bill by the hour” deal, try presenting one of these billing structures:
Project billing for routine issues
If your legal needs include large but repetitive tasks, consider a flat-fee approach, also known as project billing. If you need legal assistance on a large research project involving several repetitive tasks with a fair amount of predictability for cost estimation and time duration, request a dollar cap for predetermined services. Be sure to compare estimated costs at the equivalent hourly rate–a projected cap that far exceeds any likely bill is really no cap at all.
Once you get a project billing estimate, don’t hesitate to shop around. Making an informed decision — shopping around, comparing prices and services with other law firms — is good business sense, especially if you intend to hire a firm for a single project. If you anticipate establishing a long-term relationship, mention this as you’re negotiating a project amount — a firm may provide a better deal if it expects future work from your company.
Results-oriented options
Forget the image of personal injury attorneys taking a third of any verdict or settlement. Consider instead contingency fees — fees based on the outcome of the case and the performance of your counsel. Creative use of contingency fees can create efficiencies in even the most high-level corporate settings. If you retain a lawyer to help your company avoid litigation, couple a reduced hourly rate with a bonus for successfully lowering your litigation outlays.
You also can establish an incentive based on a percentage of money won or saved in trial. If you’re a defendant in a case where the plaintiff has a strong shot at a $1 million settlement, negotiate a flat fee if the case goes to trial, plus a bonus if the plaintiff ends up getting less than $1 million. If you’re a plaintiff and estimate your case is worth between $1 and $2 million, you might negotiate services for a flat fee plus a percentage of any settlement over $1 million.
Contingency fees turn the matter into a shared risk or shared incentive, making the law firm your business partner, not just representation. Contingency fees can work well with both flat fee and reduced hourly fee arrangements. Because a number of variations on the “pay-according-to-success” theme exist, you should ask firms for the options they’re willing to discuss.
Multi-layered tasks
If you’re shopping for a firm for substantial legal work involving a number of legal specialties, consider using blended hourly fees. Rather than each attorney billing at the usual hourly rate, the firm calculates in advance an “average” rate based on the anticipated time each attorney spends on the matter.
The value of this arrangement is twofold–it helps define responsibility in a project and it provides a fair price schedule for the client, who avoids paying a senior partner’s hourly rate for research that should be conducted by a junior associate
Legal “Insurance” Firms without in-house counsel that frequently hire legal services might consider contracting with a firm. In this legal billing option, firms and clients agree to a specific charge per month in exchange for a predetermined set of legal services. The contract fee permits the client to pick up the phone and talk to the attorney without needing to eye the clock. This approach works like a legal insurance policy. It encourages companies to contact their counsel on non-litigation, non-crisis matters, and to save money in the long run by engaging in more preventive legal action.
Just as in business, the impetus for change comes from consumer demand. The sooner businesses take the lead in securing more effectively tailored billing methods from their legal counsel, the sooner they’ll get better, more cost-effective legal assistance.
Consider a Firearm Use Insurance Policy
If you have a concealed carry permit, you can legally carry and you hopefully have the mind set to use your firearm to protect yourself and your family. If you use your gun, you may very well be detained and questioned by the police. You may be arrested until all is sorted out. Remember you do not have to say anything. This is not the time to become “chatty”. Here is a rule of thumb: Consider using the following words:
He attacked me
I was in fear for my life
I’ll sign a complaint
Here is the evidence (point out evidence to authorities)
I need to talk to my lawyer
I do not consent to any search
If charges are filed, you will need legal counsel and NEED to be right. All this costs money. This is not time for a public defender. They do a really great job and offer a tremendous service to those who cannot afford a lawyer. I do not want a lawyer of someone else’s choice representing me.
If criminal charges are not filed, all is well, right?
Not so fast. You may have to defend yourself in a wrongful death civil lawsuit by the family, relatives, or the attackers themselves. Just because it was a lawful shoot, does not make you immune to civil lawsuits. People can sue you for a lot of reasons. It is usually for money or to get back at someone for any number of reasons. The rules of evidence and the jury rules are different in civil court.
That all takes money. Forget that new pistol you’ve been saving up for. Forget the college education or retirement you planned. All of it goes away in legal fees. Not to worry. There is an option. The NRA offers a policy for legal fees for concealed carry permit holders specifically to cover legal fees. Is your future worth it? $250 buys a lot of peace of mind. I would not carry without it.
What Does Business Car Insurance Involve?
Just as your personal car or motorbike needs to be insured, vehicles used by your business are also subject to the same legal insurance requirements. But instead of arranging separate cover for each vehicle, you may typically be able to combine the policies under one heading and use your buying power to secure a good deal. This is why business car insurance could be a competitive way of covering your fleet.
There are a number of things to take into account when you are choosing a policy and a provider. It could be useful to have the following pieces of information to hand when you are getting quotes.
Mileage
How many miles do you and your employees travel per year? Generally speaking, but not always, the more miles you cover, the more expensive the policy will be. It’s worth taking a moment to ensure that your estimate of annual mileage is correct, because if you make a claim based on information that subsequently turns out to be false, the insurer could claim that the policy is void.
What about foreign travel?
Your business car insurance policy might include foreign travel as standard, or it could be added as an optional extra. If neither you nor your employees travel abroad in the ordinary course of your business, you could consider leaving this out of the cover to drive down costs.
Who can drive the cars?
Some policies will cover anyone who is employed by you and who is using a company car or van with your permission. However, you may find that it is cheaper to have a regular pool of named people who drive the vehicles. That way you can provide specific information about whether their driving licenses are clean, and whether they have had any accidents.
What about breakdown cover?
Some insurers offer breakdown cover as an extra. This may be a convenient way of organising both types of insurance. However, it could be worth shopping around, as packages that include both may not be the most competitively priced. If you do obtain breakdown cover, ensure that the cars are serviced in accordance with the insurer’s requirements to make sure that the cars are kept in the condition they expect.
Where are the cars left overnight?
Just as domestic insurers ask where the cars are kept, commercial insurers are equally as keen to know what happens to your company cars when they return to base. If you have a secure company car park, mention this when you are getting quotes for business car insurance, to ensure that you are getting the credit for reducing the risk of malicious damage and theft.