We use cookies to improve your experience of our website. Click here to read more.
 Box Legal - After The Event Insurance. Designed by solicitors... for solictors

After The Event Insurance


Account Login

T. 0870 766 9997
E. info@boxlegal.co.uk


Paying for ATE Insurance



Who pays the After the Event Insurance Premium, and When?

A claimant purchases an ATE Insurance policy, but does not normally pay for it at that stage. Most ATE Insurance policies are instead payable at the end of a case - when it has been successfully concluded. Better still, ClaimSafe After the Event Insurance policies are payable only once the compensation has actually been paid by the defendant, so when a claimant comes to pay an ATE policy premium, he or she has already has the money.

How is the ATE Insurance Premium Structured?

Some After the Event Insurance policies require a single premium; others require increasing staged ATE premiums as a case progresses. The stages at which an ATE Insurance premium can increase are not legally prescribed - each ATE insurer is free to create their own ATE premium structure, although the issue of proceedings and the approach of trial are two common points at which a staged ATE Insurance premium may increase. In some cases the final staged ATE premium is left open ended, and assessed by the ATE insurer based on the risks which are apparent as trial approaches. ClaimSafe After the Event Insurance policies have the advantage of offering a whole range of pricing options including a single fixed ATE premium.

All ATE insurance policy premiums are subject to Insurance Premium Tax ("IPT”). This was increased from 9.5% to 10% on 1 October 2016.

How is the ATE Insurance Premium Paid if a Personal Injury Claim is Unsuccessful?

It is normally part of the After the Event Insurance policy that the ATE Insurance premium does not need to be paid if the case is lost or abandoned, and this is true with all ClaimSafe ATE Insurance policies.

Box legal are one of the foremost After The Event Insurance providers in the country. We have over 10 years of experience in the ATE Insurance industry and have arranged over 500,000 After The Event Insurance policies for over 250 firms in this time. We specialise in providing solicitors with After The Event Insurance products that are tailored to their needs. All of our After The Event Insurance policies 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 our ATE Insurance products and services as well as some of our most popular After The Event Insurance advice pages.

   

Authorised & regulated by the Financial Conduct Authority | © Box Legal Limited

T. 0870 766 9997 | E. info@boxlegal.co.uk





View mobile version