14th July 2010
Most after the event litigation insurance policies are specifically
designed for the client’s specific needs, providing them with different
levels of indemnity for higher risk as well as higher value claims. The
policy is usually arranged after the legal dispute has arisen, so every
policy is based on the attributes of the individual case. It is ideal
for solicitors, thus helping them with the opportunity to expand their
litigation caseload. It is also suitable for corporate buyers and
business travellers. While planning an event, you also need to make
plans, if a catastrophe occurs and whatever your requirements may be,
this policy that will work for you.
The bespoke after the event
litigation insurance policy can be uniquely tailored to the exact
requirements of the client’s case, with wording specific to their case.
If you are dealing with larger or more complex cases, then this is the
policy for you. It includes a range of disputes including civil
litigation, professional and clinical negligence, and insolvency or
The premium of the policy is often fully
deferred and payable on conclusion of a successful case. It will be
recoverable from the unsuccessful party along with your own costs. If
the case is unsuccessful the client would not have to pay the premium
whether he is winning or losing. You will be allowed to choose from
pre-set limits of cover so that you only pay for what you really require
and also get premium discounts on your package.
After the event
litigation insurance policy does not provide the claimant with
sufficient funds to take the case forward in the first place, but it
does minimise the risks of litigation if the case is lost and the
claimant has to pay the costs of the proceedings. It however does offer a
cheaper way by which both corporate and private litigants can protect
themselves in the event of an adverse outcome.
With the help of
reputable insurance providers, you can get the best cover at the
earliest stage possible and be fully protected until the conclusion of
the case. With their simple, straightforward, partnership approach, they
will guide you through your case and help you to adhere to the policy
conditions and other requirements at all times. They offer you the tools
to manage all the risks either in the pursuit or defence of litigation.
insurers will also carry out an independent review of the case and
within a reasonable period of time let you know whether the case is
eligible for the cover and also give you with an indication of terms. By
utilising current technology they not only offer you cost effective
solutions but also get things done as quickly and efficiently as
possible. They would help you to speak to specialist underwriters and
claims handlers, in order to keep processes moving smoothly.
the event litigation insurance policy will open up many opportunities
for solicitors and their clients, enabling them to run cases for
existing clients that would have normally been run privately.