After the event insurance

What are the benefits of after the event insurance?

Financial certainty

ATE mitigates the risk of having to pay an opponent’s legal costs and disbursements if a claim fails in exchange for a premium, which can be deferred and contingent upon a successful outcome or staged throughout the litigation cycle.

Reinforced merits

The existence of an ATE policy provides an incentive for the other side to settle, as they will know the insurer conducted a separate analysis of the merits of the case in addition to the solicitor and counsel and support the claim.

Access to justice

ATE cover means a larger, wealthier defendant cannot simply outspend a claimant to force a settlement. ATE sends the message that the claimant is in the litigation for the duration, having already minimised their litigation costs risk.

Access to litigation funding

In addition to ATE insurance, we can help claimants to obtain non-recourse funding arrangements from litigation funders willing to support them with their legal costs and disbursements. 

In the event of successful settlement or award at trial, the litigation funder would be entitled to a proportion of the claimant’s damages or a multiple of their investment. However, should the claim be unsuccessful, the funder would lose their investment. This enables claimants to transfer the financial risk to the funder.