To put it simply, if you lose a legal case you have to pay the other person's legal costs and this can run into tens of thousands of pounds. To remove this risk you can purchase an After the Event insurance policy - from a broker such as www.boxlegal.co.uk
- if you lose then the insurance policy pays the other person's legal costs. Better still - the premium doesn't have to be paid until the end of the case and is often paid for by the defendant. Why wouldn't you buy one?