To identify the territory of regulation and tax of legal expenses risk, consider:
- The location of the insured’s residence(s) or business establishment(s).
Legal expenses insurance can be taken out either by an individual or a corporate entity.
The risk location is the territory in which the insured is resident or its business establishment is located.
If the contract covers more than one individual insured or business establishment and these are situated, in more than one territory, each resident or establishment location will create a separate risk location.