After the event (ATE) legal expense insurance is taken out after an accident has happened in order to cover you for any legal costs you may incur when you pursue a compensation claim.
This is how law firms are able to offer a no-win no-fee service as the costs are covered by the insurance policy if you lost the case.
ATE is usually taken out by people who wish to make a compensation claim, but who do not have before the event insurance (BTE).
It is also sometimes taken out by people who do have a BTE policy, but one that doesn’t cover all or some of the potential costs of the claim.
The purpose of after the event insurance is to make sure that if the claimant loses their case, their ATE insurance provider will pick up the legal costs, including: lawyers, solicitors, barristers, expert witnesses, court fines and fees.
When a claimant does not win their claim, ATE also covers any litigation costs incurred by the defence, meaning they will not suffer any financial losses as a result of making an unsuccessful claim.
If you do not have sufficient before the event insurance, we ask that you purchase ATE (we will handle this on your behalf). This means that in the unlikely event that we do not win their case, our fees will be covered by the policy. This insurance allows us to provide a no-win no-fee service, so that if your claim is not successful you won’t have to pay us a penny.
How Much Does After The Event Insurance Cost?
The cost of ATE depends on a number of factors including: the type of case, how strong the case is and how early the in the claims process that the policy is purchased.
When you choose Bott and Co to handle your claim, your dedicated solicitor will talk you through purchasing the right policy for you.
You won’t have to pay anything up front for this policy as the cost is deducted from your settlement figure once we receive the compensation from the third party.
What Claims Do I Need An ATE Policy For?
You will need after the event insurance for any personal injury claim that we work on for you. This includes: