The cover is for opponent’s costs and own disbursements for pursuing a case if the case is ultimately unsuccessful (i.e. abandoned, discontinued or lost at trial).
The cover may provide retrospective cover, if sought – i.e. will provide cover from the date of your solicitor’s instruction.
The cover will pay interim adverse costs orders – i.e. any costs ordered to be paid in favour of an opponent will be paid out by the policy before the end of the case.
Premiums are paid at the end of the case – there is no need to fund the premium.
The premium will be insured by the policy, as one of the disbursements, in the event of the case being unsuccessful. If the case is successful, the premium is claimed from the opponent.
The limits of indemnity are tailored to your needs: from £10,000 to £2,000,000.
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