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Injury

There has been substantial growth over recent years in regards to the finance of accident insurance compensatiuon claim settlements by the use of after the event insurance (ATE) and before the event insurance (BTE) and other similar financial arrangements that provide litigation funding on a no win no fee basis.

Before the event insurance usually takes the form of an annual policy that is taken out through a broker and provides cover for taking or defending an accident insurance claim in the civil courts. Cover on a BTE basis is often included in a household contents policy and would normally be used for taking legal action to claim compensation for personal injury or defective goods.

After the event insurance is intended to protect a claimant in a legal action, most often an accident insurance claim for personal injury, from having to personally pay the other sides legal costs in the event that a case is lost and costs are awarded against the claimant. In most cases an ATE policy is also tied in with a litigation funding arrangement and covers the legal costs incurred by the claimant in taking the action.

Both ATE and BTE serve a similar purpose which is to provide financial coverage and protection to the parties involved in court litigation. This enables the claimant to file an accident insurance claim for compensation without being personally exposed to the risk of unacceptable financial burden if the claim is lost.

Both BTE and ATE are insurance products. BTE has a mass market potential and is often included in another insurance policy such as a household policy or a motor insurance policy at no extra cost or can be bought as an add on for as little as £10 per annum. ATE on the other hand is only obtained in anticipation of legal proceedings and each case is individually considered by an underwriter who considers the premium on a risk assessment basis. A straight forward road traffic accident claim may only cost a few hundred pounds to insure but a high risk medical negligence action can cost tens of thousands of pounds with a rough guide that the insurance in these high risk areas can cost as much as 25% of the anticipated value of the claim.

Our no win no fee claim agreement pays compensation in full with no deductions and we will never ask you to fund or finance your claim as it proceeds. If there is a need to buy BTE insurance then our solicitors will pay for the cover and will not ask you for any contribution. If we lose, you pay nothing and if we win you pay nothing. Win or lose there is no charge and there is therefore no risk whatsoever to the client.