After The Event Insurance (ATE Insurance)

After the Event Insurance is a type of legal expenses insurance policy that provides cover for the costs incurred in the pursuit or defence of litigation. The policy is purchased after the cause of a legal dispute has arisen, which is why it is called as "After the Event" insurance. It is also known as ATE insurance, Litigation Insurance, Conditional Fee Insurance, Post-Event Insurance, AEI or LEI Insurance.

ATE insurance can be purchased for nearly all areas of litigation and is frequently used in both civil and commercial disputes. Insurance can be purchased for cases requiring modest limits of indemnity, through to big ticket, heavyweight litigation requiring over £10m of cover for legal costs.

Payment of the ATE premium is generally deferred until the conclusion of the case and contingent upon success. In addition to which, in this jurisdiction, ATE premiums can be recovered from the other side under the “loser pays” costs principle. ATE insurance is therefore equally relevant to private individuals, impecunious or insolvent clients, SMEs or large blue chip companies.
 

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