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Firm reprimanded by SRA for not taking out After the Event Insurance






Hot on the heels of the case of Adris v Royal Bank of Scotland, we have today heard a rumour that a firm in the North West (we won’t narrow it down any more so as to protect the er, guilty) has been reprimanded by the SRA following one of their regional visits. The firm in question used to pick and choose which cases to insure with their After the Event Insurance provider (generally just the risky ones) leaving the remaining cases without any ATE Insurance cover. The SRA officer asked to see the solicitor’s letter to all clients who didn’t have any ATE Insurance or BTE Insurance which explained the financial risks the clients would face if the client lost (or failed to beat a Part 36 offer).

Guess what? There weren’t any.

The moral of this tale? If there is no definite BTE policy in place then take out After the Event Insurance straight away or write a very carefully worded letter to the client to tell them why you think they face no risks at all of adverse costs in any circumstances.

Box Legal Limited: After the Event Insurance Providers
www.boxlegal.co.uk  | daniel@boxlegal.co.uk | 0870 766 9997

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Box legal are one of the foremost After The Event Insurance providers in the country. We have over 20 years of experience in the ATE insurance industry and have arranged just over 650,000 After The Event insurance policies for over 250 firms in this time. We specialise in arranging After The Event Insurance products that are tailored to solicitor’s needs. All of the After The Event Insurance policies we arrange can be cancelled at any time and reporting requirements are minimal. If you’re looking for reliable, cost effective After The Event Insurance, backed up with outstanding service, you’ve come to the right place. The links below provide access to details of the ATE Insurance products and services we can arrange, as well as some of our most popular After The Event Insurance advice pages.
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T:0870 766 9997  | E: info@boxlegal.co.uk