24th June 2010
After the event insurance policy is designed to cover you for the
cost of disbursements such as the court costs, medical report fees,
opponent’s costs etc, if you lose your case or decide not to carry on
any further. By getting this policy, you can have a total peace of
mind, as it is very simple to understand, cost effective and can be
tailored to the client's specific requirements.
Not all insurance companies offer this type of insurance, they will
usually review a situation carefully before issuing a policy, to find
out how much risk may be involved in issuing the policy, and many write
custom policies which are very specifically tailored to particular
situations. There are however many more now offering this insurance than
there were just a few years ago.
• After the event insurance policy is purchased after the event which
would trigger litigation, in contrast with before the event insurance, a
form of legal protection insurance which is purchased to protect people
from legal fees if something happens. It covers many things including
insolvency, clinical negligence, personal injury, or bankruptcy,
commercial and contractual, road traffic accidents and much more. This
policy is ideal for anything from large volume case loads such as road
traffic accident and slip, trip, fall or any other personal injury to
more complex ones such as some quite extraordinary cases.
• This type of cover is quite vital to enable solicitors to pursue
justice for clients, safe in the knowledge that they are covered should
cases not go according to plan.
• With after the event insurance policy, when someone thinks that he or
she may be going to court with a case, an insurance company can write
such policy which will cover the client's legal fees. In case, the
client wins, then his or her opponent will have to pay the fees,
including the premium for the insurance, but if the client loses, the
insurance will cover the expenses that he or she would otherwise have to
bear. The premiums for this insurance are paid at the end of the case
and are staged, such that there are discounted premiums for early
• You can also extend your policy to include interim adverse costs
orders, opponent’s costs and own disbursements, investigative costs,
counsel’s fees etc, the premium as well as retrospective adverse costs
and a whole lot more.
• There are companies with a sound knowledge of legal processes and
statutes, who are always keen to deliver their expertise to the clients
in the most straightforward way. They have online system to ensure quick
decisions and high levels of delegated authority so you can remain
focused on more important jobs in hand. They can offer deferred payment
terms, as well as competitive premiums and can also guarantee premium
After the event insurance policy is a special type of insurance which
offers reliable, flexible and innovative solutions to meet the needs of
every kind of law firm and client.