After the Event Insurance definition

What is After the Event Insurance?

After the Event Litigation Insurance is a relatively new type of insurance that protects a Solicitor’s client (usually the claimant, but it could be the defendant in a legal action) when or after that person or entity becomes aware of the need to litigate to protect their interests. The policy covers the client/Insured against what could prove to be substantial costs that the client/Insured will be liable for should the legal action prove unsuccessful.

What does an After the Event Insurance policy cover?

First and foremost an After the Event Insurance Policy covers the Opponent’s Costs, but it invariably also covers the Insured’s Disbursements including the ATE Insurance premium and can also (for the right risk) extend to cover the Insured’s Solicitor’s Own Legal Costs (where the Solicitor is not acting under a Conditional Fee Agreement or similar). The standard cover is for Costs incurred after the inception date of the Policy up to conclusion of the legal action, however (subject to negotiation) the Policy may also cover Costs already incurred prior to the Policy being taken out.

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