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ATE Insurance | Conditional Fee | After the Event




  

What is ATE Conditional Fee Insurance?

Why do you need After the Event Insurance - Check out the small print!

Most solicitors will act for an injured person under a Conditional Fee Insurance Agreement, also known as a 'No Win, No Fee' agreement. This means that, should you lose your claim, your solicitor will not charge you for the legal expenses that they have spent on the claim. However, you will remain responsible for any expenses that they have incurred, for example a medical report or Court fees. In addition, you will be liable for your opponent's legal costs. A typical personal injury claim if lost at Court would incur on average the following charges:
£

Medical Notes
Medical Report
Court Fees
Barrister's Fees
Opponents Legal Costs including Expenses
TOTAL

£50.00 £400.00 £495.00 £500.00 £3,500.00

£4,945.00

  
We can arrange After the Event Legal Insurance (known as ATE Insurance) which will pay for any expenses or your opponent's legal costs up to £25,000 if your case is lost. In addition, your solicitor is able to recover the cost of the ATE premium from the defendant if your claim is successful. Therefore, if your solicitor uses our After the Event Insurance scheme, win or lose, you will never have to pay anything.
Why our After the Event Insurance Scheme is Better than the Rest

We have provided a useful comparison of our ATE Insurer's policies to those of a typical competitor. You will see that we have considerable advantages for both clients and solicitors:
THE BOX LEGAL INSURANCE SCHEME
 
OTHER INSURANCE SCHEMES
Premiums are only payable once the claim is won so they do not need to be funded by either yourself or your solicitor  
Premiums have to be paid up-front either by your solicitor or by yourself using a loan which will incur interest

There is no loan or interest liability. The policy is completely funded by the Insurer until the end of the case  
Most policies are funded by a loan under a Consumer Credit Act agreement. This may involve payment of interest of 16% or more
Premiums are amongst the lowest in the market and follow Court rulings ensuring they are recoverable from the defendant
Premiums are often priced much higher than the Court will allow and your solicitor therefore has to fight to recover the amount
Policies are flexible and can be cancelled with nothing to pay in many circumstances e.g. if you discover Legal Insurance on your home contents policy or if your claim turns out to be a small claims court matter
 
Once purchased, most policies must be paid even if you no longer need them. This often means the premium is deducted from your compensation or from the legal costs paid to your solicitor
There is very little administration for your solicitor to carry out and only limited reporting. This means that they have more time to deal with your claim rather than administration  
Most policies require your solicitor to report regularly to the insurer. The insurer must be asked permission to issue proceedings etc. This means that, in effect, someone other than you is running your claim
Your solicitor is not obliged to use our products - we do not force your solicitor to use our scheme for all of their client's cases  
Many insurers will force your solicitor to use them for every case that they insure. This means that your solicitor will be unable to choose the right insurer for each client
There are no up-front costs for your solicitor - there is no joining fee and the application process is very simple  
Some insurers require a solicitor to incur up-front costs and the application process for insurance can be long and complicated
What do you need to do to get your solicitor to use our ATE Insurance scheme?

The first thing to do is to show them a summary of our scheme. We have prepared a useful document for you to download and take along to your solicitor explaining who we are and the benefits of using our products. The document provides all of our contact details. You should then ask your solicitor to contact us. Click here for the download >>
 
























 
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