Caselaw Review: Able UK Ltd v Reliance Security Services Limited - No need to get more than one quot
Held: In all the circumstances, it was reasonable for the Claimant to pay an ATE Insurance premium based on 30% of cover. The Claimant’s solicitors had considerable experience of the ATE market and the Defendants did not prove that a more suitable alternative premium was available. The Claimant had made a reasonable choice of ATE Insurance cover and to insist that he should have gone in search of alternative insurers would fail to have regard to the overriding objective, specifically CPR 1.1(2)(b) and (c)
Comment: Even with this very large premium, the Court ruled that so long as the premium was generally reasonable and broadly comparable to the market, it was not necessary to obtain more than one quotation for After the Event Insurance. It follows that this must apply even more so, where much smaller premiums are involved.
Box Legal Limited: After the Event Insurance Providers
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