Three out of four Americans experience at least one legal event a year — and the majority experience more than one in a year.1 Do you hear that and think… “Really? I rarely (or never) have legal issues to deal with!” Are you sure? Check out the top 10 ways ARAG plan members use their plan and see if any of these are issues you or your employees have dealt with or will deal with in the future.
Average Costs for Top 10 Legal Issues
|
Legal Issue |
Average Hours for Attorney to Resolve2 |
Average Cost |
ARAG® Plan Member: Average Cost of Network Attorney Fees |
|---|---|---|---|
| 1. Wills | Simple Will: 4 | $1,375 | $0 |
| 2. Divorce |
Uncontested: 8 |
Uncontested: |
$0 |
| 3. Traffic | Minor offense: 3 |
$1,029 | $0 |
| 4. Sale/ Purchase of a Home |
Sale/ purchase: 6 |
$2,058 | $0 |
| 5. Trusts |
Revocable |
$1,715 |
$0 |
| 6. Consumer Protection |
Debt issues: 7 |
$2,401 | $0 |
| 7. Bankruptcy | 8 | $2,744 | $0 |
| 8. Civil Damage Claims |
Civil Action: 10 |
$3,430 | $0 |
| 9. Property Protection | 6 | $2,058 | $0 |
| 10. Family Law Decree |
Child |
$2,744 |
$0 |
1. Wills
Dictate who you want to leave property and assets to, name executor of estate and guardian of any dependents (minor children).
2. Divorce
Uncontested divorce is when couple agrees on terms to end the marriage, such as how to divide assets and share custody of children.
3. Traffic
Moving violations such as a speeding ticket you want to fight.
4. Sale/Purchase of a Home
Transfer property from one owner to another.
5. Trusts
Protects property/assets (and can reduce taxes), names trustee (person who manages assets) and beneficiaries who will receive the assets.
6. Consumer Protection
Range of issues including debt collection issues and problems with contracts or warranties for products and services, such as cars or contractor work.
7. Bankruptcy
Eliminate or reduce debt by filing for personal, non-business bankruptcy.
8. Civil Damage Claims
Defend against damages you allegedly caused to someone else’s person or property.
9. Property Protection
Issues such as neighbor disputes, contract or financing disputes about your home, disputes with your landlord.
10. Family Law Decree
Enforce family decrees or defend modifications of child support and child custody.
ARAG Legal Insurance
The top 10 issues are just a small window into the many issues that ARAG legal insurance helps people deal with every day. ARAG has 100% paid-in-full coverage for more than one hundred legal matters when working with a Network Attorney – plus free online tools and resources, including legally valid DIY documents. Your employees who use ARAG will stress less and spend less (time and money)!
- 90% of ARAG plan members that feel having legal insurance reduces their stress.4
- 8.5 hours is the average amount of time ARAG plan members feel they save when dealing with legal issues.5
- $1,987 is the average amount ARAG plan members save in attorney fees per legal matter.6
Learn how ARAG can help your business and employees. Contact us today.
1 How Legal and Financial Issues Impact Employee Wellness. Russell ResearchSM for ARAG. December 2016.
2 2016 ARAG Claims Data.
3 Average cost to employee without legal insurance is based on the average number of attorney hours for ARAG claims incurred in 2017 or 2018 and paid by December 31, 2019, multiplied by $368 per hour. $368 is the average hourly rate for a U.S. attorney with 11 to 15 years experience according to The Survey of Law Firm Economics: 2018 Edition, The National Law Journal and ALM Legal Intelligence, October 2018.
4 How Legal and Financial Issues Impact Employee Wellness. Russell Research for ARAG. December 2016.
5 2016 ARAG Plan Member Satisfaction Survey.
6 Based upon top ARAG claims.
