The protection you need for the settlement you deserve.
BICO Legal Cost ProtectionTM explained in our short and informative video.
Disclaimer: The product referred to in the video as BICO Legal Cost ProtectionTM is a regulated legal expense insurance product.
In Canada, if you lose at trial, interim motion or arbitration you are required to pay your opponent’s legal costs, referred to as adverse costs.
This applies even when you win in court but your award is less than a pre-trial settlement offer from the opponent.
These costs can be tens or hundreds of thousands of dollars and can put your home and life savings at risk, leaving you with nothing... or worse a debt to the defendant that you aren't able to pay.
Our loser pays system may achieve the goal of discouraging frivolous lawsuits, however it fails to provide equal access to justice where one side in the litigation has deeper pockets than the other.
Nowhere is this more evident than in personal injury litigation. Insurance company defendants can easily afford any adverse costs if they lose at trial, but they know most accident victims can’t.
Needless to say, they can use this system to their great advantage when negotiating settlement offers. Not anymore...
BICO Legal Cost ProtectionTM eliminates your legal cost exposure to a loss at trial and takes away the insurance company’s unfair advantage. Now, you and your lawyer can pursue fair compensation for your injuries without intimidation.
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Talk to your lawyer about BICO Legal Cost ProtectionTM or contact us for more information.