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201 GREAT IDEAS for Your SMALL BUSINESS, Third Edition by Jane Applegate

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GREAT 56 IDEA: Buy Prepaid Legal Insurance or Make a Deal with a Law Firm

Did you know that 52 percent of all Americans have some sort of legal problem and one of every three people will need legal advice in the next 12 months?

With attorneys charging an average of $175 per hour, legal bills can gobble up your profits. Even a small legal problem can drag down your morale and create a major distraction. That's why many small business owners are signing up for prepaid legal insurance. One of the oldest providers is Pre-Paid Legal Services® Inc., based in Ada, Oklahoma. The company sells coverage to both individuals and small businesses. For under $100 a month, businesses with fewer than 15 employees and $250,000 or less in net income can have access ...

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