Why Legal Protect Differs from Insurance: A Simple Explanation by LawCrust
The term ‘protect’ is commonly linked with insurance, thanks to the decades of financial might, marketing, and PR efforts by insurance companies that have ingrained this association in our minds. In essence, they’ve almost copyrighted the word ‘protect.’
Protecting something means keeping it safe from harm or injury, but true protection is all about anticipating potential damage, whether it happens or not.
So, why isn’t Legal Protect the same as insurance?
1. The Motive to Protect:
Insurance companies are in the business of selling coverage for anticipated risks and charging premiums. They don’t actively work to prevent misfortunes; their role mainly involves financial coverage. For instance, have you ever heard of an insurance company taking care of its clients by conducting regular medical check-ups, building hospitals, providing free treatments, or sending recommended medicines or diet charts? Probably not. They typically raise your premium when they learn of any medical condition, even a minor one.
2. Legal Expertise:
Insurance policies are complex documents with premiums calculated using intricate mathematical equations based on actuarial science. The majority of policyholders are unaware of this. Many purchase insurance based on recommendations from friends or family, influenced by emotional advertisements.
When it comes to navigating legal challenges, who can truly protect you? Professionals offering “Professional Advisory” services, such as experienced lawyers, or insurance companies with limited legal knowledge?
3. Involvement in Businesses:
Legal Protect is committed to conducting continuous research on clients’ industries to ensure they are well-prepared for unforeseen risks. Our team possesses the expertise needed to safeguard against potential threats. Insurance companies, on the other hand, have no involvement in your business operations; they focus on maximising opportunities and minimising their legal responsibilities.
4. Personalised Service, No Fine Print:
We provide professional services, and professionalism leaves no room for fine print. Legal solutions cannot be solicited, as clients have the freedom to choose the lawyer who best fits their needs and budget.
5. LawCrust’s Legal Protect:
At Legal Protect, we simplify services for everyone by offering tailored solutions and constantly monitoring risks. LawCrust specialises in providing Legal Protect to businesses, ensuring comprehensive protection against legal risks and challenges.
In conclusion, Legal Protect and insurance may seem similar on the surface, but their core approaches and roles are fundamentally different. While insurance provides financial coverage, Legal Protect actively works to prevent and mitigate legal risks for businesses, offering a more comprehensive and client-focused approach.