AFTER THE EVENT
What is ATE?
After the event (ATE) insurance is a type of legal expenses insurance (LEI) that a policyholder can purchase after an event. An event is classified as an accident or other cases that require legal action. ATE is used to insure the policyholder for disbursements, as well as any costs should they lose their case.
If the policyholder loses the case, then the insurance company will pay the opponent's legal costs and expenses, as well as the policyholder's own disbursements.
Who needs ATE?
After-the-event insurance is usually used by people who do not have before-the-event insurance.
Solicitors who take on, for example, personal injury cases on a "no win no fee" basis, may require their clients (whether defendants or plaintiffs) to take out after-the-event insurance so that costs will be covered if the case is lost.
The premium payments, especially in a "no win no fee" arrangement, may be deferred until the conclusion of the case; thus in most cases, the premium itself is self-insured. This insurance is often offered by legal firms, solicitors and claims management companies.
Commercial ATE this is a class if LEI where a commercial claim has occurred, this could be a contract dispute or disagreement, legal liability, ATE also assists your law firm by providing cost certainty for your client when raising a case and your firm’s associated investment in investigatory disbursements. Thus ATE empowers you to accept more clients, knowing that their disbursements are secured.
Ai Legal Expenses Insurance: ATE
Ai Legal Expenses Insurance specializes in the provision of LEI for the following types of companies and is considered by a “case by case” basis.
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