Summary
5. After The Event Legal Expenses Insurance (‘ATE')
This is an insurance policy that you purchase after the claim arises.
It can be obtained to bring or defend a case. You pay a premium for a
set amount of legal fees, which can be topped up if more cover is required.
The premium may be relatively high, typically 15% of the sum insured.
The insurance company must agree to grant cover for your particular case
and we handle the application for you. You still pay our fees and disbursements
as you go along, which are claimed from the Defendant if you win. So,
if you win, you pay nothing extra, but if you lose, the insurance pays
our fees and those of your opponent, up to the amount insured.
Funding a Claim
The cost of litigation is a major concern. We know this; we can help you choose the right method to reduce the risk of paying costs and to minimise expense.
The options for funding legal costs are:
2. Legal Expenses Insurance (‘Before the Event' or ‘BTE')
4. Conditional Fee Agreements (‘No Win, No Fee')
5. After The Event Legal Expenses Insurance (‘ATE')
6. Contingency Fee Agreement (also ‘No Win, No Fee')