After the event insurance: Difference between revisions
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imported>Doug Williamson (Create page. Sources: The Treasurer, 40 Years Edition May 2019 p45 & ULP Ltd webpage http://www.ulpltd.co.uk/page/660/after_the_event_insurance) |
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Revision as of 20:55, 17 May 2019
Law.
(ATE insurance).
After the event insurance protects litigants in respect of adverse costs awarded against them in the event that their claim is unsuccessful.
It is usually the responsibility of the unsuccessful party in litigation to have to pay a significant proportion of the winner’s costs, as well as their own.
In return for a premium, ATE insurance offers a safeguard against all or part of that risk.
