Facing litigation will never be an enjoyable prospect for any business, but the potential financial consequences can make it even harder to cope with. That’s where ATE insurance comes in. This type of insurance can be invaluable to companies that are in the process of litigation as it covers the costs, expenses and legal fees of the case, thereby negating the financial risk involved and ensuring that all is not lost.
After the Event insurance is a form of indemnity that will cover liability for the other side’s costs as well as some or all of the client’s own legal fees in the event that the case is lost, offering valuable financial recourse. It can be a great way to protect business finances because although the company will have to finance the case until conclusion they’ll be able to recoup some of that loss, and with no limit on the potential amount of cover available it can be the ideal solution for a whole range of businesses.
Of course, finding insurance of such a specialist nature can often be difficult, which is why it’s best to head to the experts. The Judge should always be contacted by anyone looking for policies of this kind – they’ll take the case forwards and will identify several different providers for the client to choose from, acting almost like a broker to ensure the most viable alternatives are found. Their contacts and expertise means they’ll be able to approach the market with additional authority, ultimately helping to secure an optimum outcome for everyone concerned.
So, ATE insurance should always be considered by any business looking to protect their finances in the event of litigation. It can be invaluable to the smooth running of the case and can help ease the financial burden, and The Judge should always be sought to find After the Event insurance that will provide the necessary level of protection.