Jason Hartman talks with Justin Leto, co-founder of Level Insurance, about how his company is helping the legal profession by offering litigation insurance. This gives lawyers protection from lost expenses when working contingency cases. Their hope is that the insurance will allow consumers to take their pick of lawyers instead of being pidgeon holed into only going to big companies that can afford to take contingency cases.
[1:23] Is litigation insurance a new thing?
[5:24] The cost of taking cases to trial has gotten higher and higher and something needs to be done
[8:27] How the claim process works for lawyers
[12:36] Why are business cases being done on contingency now too?