If the legal dispute is lost, the other parties’ costs, together with certain expenses (disbursements) can be met by the insurance.
Premiums range from 20% to 40% of the sum insured and are rebated so that the premium is less expensive if the case concludes early. The premium can be paid in full at policy inception or insurers may offer a contingent premium structure.
We can underwrite a deed of indemnity, should the ATE Insurance policy not be accepted as security for costs or caution. Any deed of indemnity provided is in addition to the ATE Insurance policy and would incur an extra premium.
We also have strong relationships with UK based third-party litigation funders, and act as an introducer for law firms and their clients looking to obtain litigation funding. Most third-party funders will require a claimant to have the benefit of suitable ATE insurance.