To find out more about this product and why we are already supplying After The Event Insurance to over 250 law firms in the UK, call us on 0870 766 997 or send us a email via the contact form on this website
We offer two types of Financial Mis-Selling products - one for the more complicated Interest Rate Swap cases and one for all other general Financial Mis-Selling - Such as Payment Protection Insurance cases. Both policy types are then split according to the value of the claim, enabling us to offer cheaper premiums for the lower value cases and more meaty cover for the larger, often more complex cases.
Remember, Qualified One Way Costs Shifting (QOWCS) doesn't apply to these sorts of cases and so it is important that you insure all of these cases and have sufficient indemnity to take cases to trial if necessary.
All Financial Mis-selling premiums are flexible - solicitors can opt for a percentage of damages premium or fixed money premims.
Our Financial Mis-Selling products include all of the benefits of our normal ATE Polices and more:
Staged PIP ATE premiums are available with no additional interest or administration fee of any kind. The premium is deferred to the end of the case and is only payable if the claim is won.
Requests are made on-line using a short form which takes no more than 2 minutes to complete. Access all policy data and make any changes by logging in to our Secure Client Area.
You only need to tell us when you win, lose or are issuing proceedings. And you do it with just the click of an online button - or let us set up your case management system to do it for you automatically. So that’s it - there’s nothing else to report.
Probably the quickest Financial Mis-Selling After The Event insurance scheme to use, freeing up you and your fee earners to concentrate on what you do best, handling files.
Demanding that a case always has reasonable prospects is just an excuse not to pay when you make a claim, so we’ve removed it from the policy conditions. If you are spending your valuable time on a case, the policy will support your decisions. Pretty well a delegated authority.
For every claim on our ATE insurance policies, we log the date we receive it and the date of the settlement cheque. Then we take an average. Over the last 2 years, it’s exactly 6.9 days. That’s better than average.
Plus 97.1% of all claims made between January 2010 and January 2013 were paid in full.
If the ATE Policy premium cannot be recovered from the defendant, you can cancel the Policy at any time without charge. Typical reasons are:
This means that there is no risk that you or your client will ever have to pay the PIP ATE insurance premium, should it not be recoverable from the other side.
If you fail to beat a Part 36 offer, your disbursements and all adverse costs are paid in full (instead of being deducted from your own costs). And there’s no need to liaise with us before you make, reject or accept a Part 36 offer – that’s a decision only for you and your client.
Not many ATE insurance policies offer such great cover with you staying in charge of all decisions, check the terms and conditions of yours now to see if they match this.
Even easier than our website. For most systems we can set up your department so you can request a policy directly from your Case Management System at the push of a button. For Proclaim users (Eclipse Legal Systems) we can go even further and fully integrate all policy procedures. All done by us for free.
Our two directors, Simon and Daniel qualified as solicitors in 1981 and 1993 and for many years ran one of the largest Litigation departments in the country. We also have other experienced solicitors on our team. When you telephone us, you can ask to speak to our solicitors who will be familiar with Financial Mis-Selling claims.
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