At LegalShield, small businesses benefit big.
We believe every business should have access to legal coverage and every business should be able to afford it. With all the fine print and legalities of running a company today, legal protection is a necessity, but it doesn’t have to be unaffordable.
For one low monthly cost, you can lead your business with peace of mind knowing you’ll have access to legal advice when you need it most. From legal consultations and contract reviews to debt collection and more, we’ll help you and your business with any legal matter, big or small.
Some of Our Small Business Services Include:
- Legal consultation on unlimited business matters
- Contract and document review
- Debt collection assistance
- Legal correspondence
- Trial defense services
Going it Alone – Dangerous Attitudes
Despite the prevalence of legal issues facing small businesses, an alarming number of owners are facing these problems without the benefit of legal advice or counsel.
This reluctance to use an attorney comes despite the fact that nearly all respondents of a legal needs survey listed at least one legal issue as one of the “greatest threats to their business.”
Serious legal threats being handled alone by small business owners include collection of bad debt, contract preparation and execution, intellectual property protection, insurance disputes, employee and customer lawsuits, product liability issues, and tax problems.
Cost is a Barrier to Access
Of the 13 million small businesses that said they had a significant legal event, 7 million (54 percent) did not seek the help of an attorney and 3 million of them (40 percent) cited the high cost as the reason. In fact, the cost of legal counsel was the number one contributor to a “negative” experience in working with a lawyer.
A Better Option – Legal Plans
A significant number of small business owners deal with legal issues on their own because they don’t believe hiring an attorney is worth the high cost they have to pay.
The most sought-after reasons for seeking legal help by small
businesses were debt collection and the review of contracts and
other business documents—two prominent services covered under
Legal Shield’s Small Business Plans.
For a fraction of what a small business would pay a lawyer to handle a single issue, they
can have access to their own dedicated law firm to discuss an unlimited number of legal
Despite the numerous legal issues small businesses face,
fewer than 20% of American small businesses subscribe to a legal
plan, which could make getting the legal advice and counsel they
need easy and affordable
What is more troubling being that about half of small business owners say they’ve never even considered subscribing to one.
A significant number of owners see it differently, however. Of those who are considering a legal service plan, the overwhelming majority says they are considering subscribing to a legal plan to protect their business and save money, to have ready access to legal advice and counsel without having to pay the high cost usually associated with such access.
For small businesses that subscribe to a legal plan, 100% report they
are satisfied with the services they receive.
Small businesses that seek legal help say they get “positive results,” “issues are resolved in my favor,” and “avoided complications.”
The survey further shows that small business owners spend a significant amount of time
trying to deal with complex legal issues on their own. This is time they could be spending on managing and growing their business. Small business owners must wear many hats, but being the company lawyer does not have to be one of them.
With a LegalShield Small Business Plan, small business owners have ready access to the quality legal advice and counsel they need so that they can focus on properly managing and growing their business.