Contract Litigation Is A Risky Business.

In contract litigation, just because you think you’re right doesn’t mean you’re going to win. In fact, the Bureau of Justice Statistics has found that 33 percent of plaintiffs and 66 percent of defendants lose their contract disputes at trial.

The financial risk is only heightened when there’s also the possibility of having to pay your adversary’s attorneys’ fees, should you lose your case. Courts routinely enforce this type of “loser pays” provision, and the fee awarded can be higher than the damages awarded to your adversary. Indeed, the risk of contract litigation can prove devastating for all but the deepest-pocketed businesses and individuals.

Whether you’re a plaintiff or a defendant, Contract Litigation Insurance can help to cover you against the risk of having to pay your adversary’s attorneys’ fees, if unsuccessful in your contract claim. Based upon the uncertain nature of contract litigation, the statistics of winning or losing and the financial risk involved, a strong case can be made for you to obtain Contract Litigation Insurance. No matter how strong you think your case may be.