You may not know this, but legal costs insurance should and will cover much, if not all, of the expenses involved with hiring a lawyer and dealing with suing a company. http://en.wikipedia.org/wiki/Legal_expenses_insurance
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DNA Insurance is an insurance company that offers insurance for cars and other automobiles. DNA Insurance offers policies that cover legal expenses, immediate costs, and repairs.
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It is a kind of expenses like insurance expense, legal and professional expenses
"If you have low income and cannot afford legal aid, you may be able to apply for help through a federal program or a pro bono program. Litigation costs may also be covered by legal expenses insurance, if you have it. You may wish to have a discussion with your attorney to work out a payment plan that you can handle."
The purpose of legal malpractice insurance is to cover all or some of the legal costs of an attorney, who is being sued by a former client for malpractice.
To record legal expenses in a journal entry, you would debit the Legal Expenses account and credit either Cash or Accounts Payable, depending on whether the expense was paid immediately or is still outstanding. This entry helps to accurately track and report legal costs incurred by the business.
There are many different places to find information on legal costs insurance. You can find information on Wikipedia, but keep in mind anyone can add information. You can also visit your current insurance provider's website.
There are no real legal requirements for one resident to get travel insurance. As long as the insurance plan covers basics such as medical, lost items, personal accident, and legal expenses, then the individual or family should be fine.
I don't believe there is legal insurance available, but that may simply be called a "retainer fee" which means the lawyers are available when you need them.
Legal expenses is not an admin expenses since legal expenses ararise due to legal issues of the organization. legal expenses are not recurring expenses by nature. Example of legal expenses are feees paid to the professional to represent the legal issues before the competent authority.