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After-The-Event Legal Expenses Legal Insurance
| Summary of Benefits
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- UK, first class insurer with a skilled underwriting team
- All cases insured
- High limits of indemnity available
- Premium payable at the end of the case
- Premium insured
- Delegated authority schemes available with minimal administration
- One off policies available with no assessment fee payable.
Nature of after the event ("ATE") insurance
- To be distinguished from before the event (“BTE”) insurance - a dispute does not exist at the time the policy is incepted but may occur during the period of insurance.
- ATE insurance – a dispute already exists and an insurer is asked to insure the case in the event that the case is unsuccessful (i.e. abandoned , discontinued or lost at trial).
- Relevant to any cases where “the loser pays the winner’s costs”
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Types of ATE Insurance
- Opponent’s costs and own disbursements cover
- Both sides’ costs cover – where solicitors want cover for their own costs as well as the client’s expenses and the costs of an opponent.
For more details please email ate@pyv.co.uk or call 0207 648 5167
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