ATE Insurance
Effective ATE (After the Event) insurance that’s robust, with the right terms for the right client and situation.
Our response is intuitive, built on years of knowledge and experience in the industry. Our ATE insurance policies cover clients (claimants) if they have to pay their opponent’s legal costs and own disbursements, incurred as a result of bringing a legal action against another person or business. With full deferment of the ATE premium, this is only paid when legal proceedings end if the case is successful. In the event a case is lost, ATE insurance will pay the opponent’s (defendant’s) legal costs incurred in defending the claim, and the disbursements the claimant’s lawyer has incurred in progressing their matter.
Our ATE Services
ATE insurance is available for a wide range of litigation cases such as:
All our ATE policies offer fully deferred premiums and are only payable if the case is successful. We also offer delegated authority products, have no minimum volume requirements, minimal in-life case reporting, and policies are accessed via an easy-to-use on-line Portal.
There are also many further circumstances in which businesses and individuals become involved in disputes that need, and can only be resolved by taking legal action. However, quite often, clients are put off from taking action due to the fear of the legal costs that could be incurred.
Here at Palladium Insurance, our experienced underwriters and solicitors understand this and are able to assess the risks associated with potential litigation and in many cases can arrange after the event ATE insurance against the costs of failed cases. Each case is considered on its own specific merits and is individually assessed, and we aim to give a decision in principle within 3 working days from receipt of a completed proposal form.
Palladium Insurance can offer after the event ATE insurance for a wide range of cases such as:
- Professional negligence
- Insolvency and business recovery
- Bankruptcy and creditor/preference disputes
- Construction and property disputes
- Fraud and financial irregularity/mis-selling
- Pensions disputes litigation
- Arbitration proceedings
- Business interruption
- Banking and finance litigation
- Director/shareholder disputes
- Contentious trust and probate
- Insurance litigation
- Breach of contract
- Trusts and probate disputes
- Defamation
- Civil contract litigation
Arranging after the event ATE Insurance at the earliest opportunity in an action will reduce the financial risks that claimants face as it can cover the clients’ disbursements and adverse costs. The premium is again fully deferred and contingent upon the cases success.
We are also able to offer a staged approach to our premium structure which will be in line with the relevant stages of the cases legal process.
