Disclaimer: Some of the testimonials below refer to services and/or products that are predecessors to the new legal expense insurance product we refer to as BICO Legal Cost ProtectionTM. They should not be relied upon and are for informational purposes only.
Oatley Vigmond has been an advocate for legal expense insurance for the past few years. It provides our clients with peace of mind and the ability to fight a fair fight for the compensation that they deserve. There are a number of companies offering legal expense insurance in Ontario. Recently, our firm switched carriers from DAS to BICO. We could not be happier with the move (although DAS did threaten to sue us for switching.) The comprehensive coverages available, the tailoring of the product to our firm’s needs, the flexibility of their product, and BICO’s superior customer service made it an easy decision to make. I highly recommend the BICO product and company.
We have been forced to conduct several trials in recent years owing to an increase in the severity and frequency of unreasonable positions taken by insurers who oppose our clients' claims. The risks in proceeding with a long trial are significant, and BICO legal cost protection has played a vital role in giving our clients the confidence they need to step into the courtroom. We are delighted with our success in a number of recent trials where we ensured our clients got what they deserved, and we thank BICO for their contributions in helping us achieve those results.
BICO provides a strategic advantage to balance the risk to accident victims who, confronted with well-funded insured opponents, are concerned about the costs associated with an adverse outcome at trial. It is helpful to our risk-averse clients to know that cost considerations are taken out of the equation when making important settlement decisions prior to trial.
The moment we informed the defendant that the plaintiff was protected by BridgePoint’s legal expense insurance, the defence offer increased more than eightfold. The claim ultimately settled with less than a week before trial and I firmly believe that one of the weapons in our arsenal was BridgePoint’s Legal Expense Insurance.READ FULL LETTER
I approached BICO seeking Legal Expense Insurance on behalf of the litigation guardian of my client. The claim was fast moving towards a trial. The litigation guardian was assuming significant personal financial risk if we were unsuccessful in court.
With no realistic prospect of settling, BICO reviewed the case and offered Legal Expense Insurance, which reduced the financial risk for my clients considerably. BICO also reduced my clients’ great anxiety in deciding to proceed to the trial, which we ultimately won.
Our loser-pays system misses the mark in situations like this where a litigation guardian with little personal gain to be had in a lawsuit faces potentially catastrophic cost consequences for advancing a claim on behalf of a seriously injured loved one. BICO Legal Expense Insurance offers a very effective solution to this common dilemma.
BICO has become an invaluable resource that addresses the all too common scenario of clients who have strong claims but who can’t afford the costs exposure of a trial. Your insurance is without question, a game changer...
Accident victims, especially those who are not impecunious, have very little appetite for risk. Many plaintiffs forego enforcing their legal rights because of the considerable exposure to costs. In that sense, BICO legal expense insurance levels the playing field.
As well, strategically, even without going to trial, a defendant insurer may be more amenable to settlement and will pay more to avoid trial risk if they believe that the prospect of going to trial is greater. The prospect of a better outcome is certainly greater if they know that the plaintiff’s lawyer has taken the risk for the client out of the equation. Often, even the prospect of going to trial yields a much better result.
I approached BICO seeking Legal Expense Insurance on behalf of the litigation guardian of my client who had suffered a serious brain injury in a motorcycle accident. The claim was fast moving towards a trial on the issue of liability. The litigation guardian was assuming significant personal financial risk – potentially the loss of her home – if we were unsuccessful in court.
With no realistic prospect of settling, BICO reviewed the case and offered Legal Expense Insurance, which reduced the financial risk for my clients considerably. BICO’s indemnity neutralized defence counsel’s intimidation tactics while reducing my clients’ great anxiety in deciding to proceed to the trial, which we ultimately won. It is my intention to seek a full recovery of the indemnity fee owing to BICO as part of the damages.
Our loser pays system misses the mark in situations like this where a plaintiff or representative can be denied their day in court out of fear of costs. BICO Legal Expense Insurance offers a very effective solution to this common dilemma.
We have been working with BridgePoint for a number of years with both the settlement loan product and indemnity product. Your legal expense insurance has provided our clients with the peace of mind necessary to maximize the value of their claims.
Access to justice is a fundamental issue for Plaintiff’s counsel in Ontario. The cost of litigation – particularly in the personal injury field – has escalated dramatically in the last decade... The legal expense insurance you offer has helped in a number of my cases to offset the risks and permit clients to proceed who might otherwise have elected not to do so out of concern for partial indemnity costs exposure... BICO legal expense insurance can play a significant role in our efforts to enhance access to justice for injured accident victims and I am very pleased that this product is available to my clients.READ FULL LETTER
A client came to us who was being bullied into settling for less, at the suggestion she might lose her home if she lost in court. The reassurance that we could provide her with our legal expense insurance was well worth the small fee.
At a recent pre-Trial, the insurer was not prepared to present an offer. After being advised that the client and firm had the BICO legal expense insurance, and thereby neutralizing a large portion of the threat of costs, the insurer presented a reasonable offer and the case settled.
My client was a uniquely trained young surgeon just entering his most productive years when medical injury intervened. After ten years of heroic effort at rehabilitation and retraining, he succeeded in qualifying in another specialty, although one with significantly less earning potential. The complexity of the case and scope of disbursements is indicated by the fact that 12 medical doctors testified at trial. The possibility of an adverse cost award was daunting to the client and his wife. From her standpoint: no legal expense insurance, no trial. BridgePoint’s product and timely service permitted trial to proceed and granted access to justice to deserving clients.
Howie, Sacks & Henry is a law firm managed by trial lawyers who vigorously defend the interests of our clients. We are not afraid to take cases to trial. However, trials generate significant financial risks for both our firm and our clients. The problem is that insurers often threaten to take our clients’ home and savings if they lose at trial and become responsible for paying the defendant’s legal costs and disbursements.
As a result many clients are tempted to take a lower settlement offer to avoid the financial risk of adverse cost consequences knowing that we, as counsel, cannot guarantee a certain outcome. With BICO’s legal expense insurance, we are now in a position to protect our clients’ assests, and our investment in disbursements. BICO levels the playing field by taking away an insurer’s most effective weapon. An added benefit is that BICO pays claims promptly and provides exceptional client service. We consider using BICO on every file in our office, and it is a product used on the great majority of our files.
This is to thank you for the products that are offered by your company to the personal injury bar, particularly Legal Expense Insurance. Recently, we had a case wherein the Defendant brought a motion for security for costs as the client was living out of the country. We were able to have the motion withdrawn once we supplied the Defendant with a Certificate from your company ascertaining the legal expense insurance. This was accepted as valid security.READ FULL LETTER