Allianz Legal Protection’s latest Roundtable in London saw senior representatives from a number of law firms and industry bodies join us for a lively debate. Two of the topics discussed were after the event (ATE) insurance and the Civil Liability Act 2018, with both deriving many thought-provoking points.
ATE insurance and unrated insurers
Is price everything?
Top up insurance
Another issue this raised was the availability of ‘top up’ insurance. Whilst indemnity limits are pitched at a similar level across the market and are suitable for most cases, there’s always going to be the need for extra indemnity on cases that are complex, of very high value and where there are Part 36 offers. The group’s experience over a number of years with different providers was that some wouldn’t provide ‘top up’, even on cases with good prospects of success. This meant finding a new provider late in the day and customers paying very high premiums often disproportionate to the risk or level of damages.
So the conclusion is to do your homework on an ATE provider; ask them the right questions to make sure they’re the right choice and will be there for the customer in their moment of need – now and in years to come.
Civil Liability Act
Litigants in person portal
The Ogden Discount Rate
The value of professional support
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