FAQ
What does "risk management" refer to?
"Risk management" is often a shorthand for insurance. For this firm, it refers to strategies that transfer or mitigate risks using contracts, insurance, and operational directives.
Our business has a lawyer, how does risklegal differ?
Most business lawyers can redline a contract. For organizations that regularly rely on risk transfer strategies like insurance, risklegal goes a step further to harmonize your contracts, operations, and insurance. In other words, our advice ensures your contacts and insurance are not speaking past each other.
If a claim or dispute arises with your counterparty or insurer, you have counsel in your corner that can immediately support you without being burdened by potential conflicts (we don't act for insurers) or partial expertise (insurance law is not a side hustle).
Additionally, with our firm, you benefit from counsel that understands insurance law and the business of insurance. ​​
What do you not handle?
Most personal matters (e.g. life insurance, disability, travel).
Matters involving specialty sectors or legislation (e.g. liens, securities, real estate transactions, tax, intellectual property).
Any matters for insurance companies.
Why not act for insurers?
This approach avoids the conflicts inherent in acting for and against insurers.
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(And insurers have their fair share of lawyers)
My broker handles my insurance claims, why would I need a lawyer?
Brokers can be great resources for claims. If your broker handles your insurance claims, consider:
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Whether you're relying on your broker for advice they cannot give (legal advice for your circumstances);
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How you maintain privilege over documents shared with a third party (i.e. your broker);
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Whether your broker may be in a conflict if their action/inaction contributed to a coverage issue;
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What happens if the insurer refuses to settle.
Are you limited by complexity or jurisdiction?
As long as the matter is in Canada, risklegal can leverage a variety of internal and external resources to ensure your matter is well supported.
What is your approach to fees?
Hourly billing and flat fees are available. Pure education mandates are available at reduced rates. Contingency arrangements may be available in limited circumstances.​
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​Interested in fractional or subscription legal services? Learn more here.
What is the difference between a fractional and subscription legal service?
For this firm, a fractional mandate is time limited (e.g. 5 hours per month). Whereas a subscription legal service does not contemplate an upper limit for time (but of course remains limited by other constraints like scheduling and availability).