After the Event Legal Expenses Insurance is a Primary Coverage

After the event legal expenses insurance is a primary coverage for your business or organisation, in circumstances where both you and your client are named in a claim and your client is found to be solely at fault. In order for a claim to make financial sense, it’s quite important that the proposed defendant must be either insured or in a financially stable position and be able to satisfy any agreement for settlement or any damages awarded in a court case. There is always a chance that the claimant will lose, if the case goes to the court, and it is under these circumstances that the claimant has to protect himself by taking out an appropriate insurance cover.

As the importance of after the event legal expenses insurance is on the increase, many business owners are taking advantage of simple and easy to use online application process so that no time is wasted in visiting and discussing the insurance details.

You can buy your insurance either on a BTE basis, by adding cover to a household, motor or general commercial policy or on ATE basis, covering the other side’s costs for an event that has already taken place. This includes a personal injury, contract dispute or insolvency litigation.

In most cases, you pay for your own legal fees, VAT and payments made by your solicitor to others (like, medical report fees). If you are successful in your case, the court will generally order that the person, who is responsible for your injury, or his or her insurer, will have to pay your legal fees. If you already have paid any fees, it can be rebated upon receipt of the fees from your opponent.

Your trade union will be able to meet your legal costs in the event of you bringing a claim. You can also get free legal advice from them, if you have paid contributions to the union. They often have a panel of approved solicitors, and they will select a solicitor on your behalf to conduct your case.

After the event legal expenses insurance also provides access to advice and cover for the legal costs of pursuing or defending certain classes of legal action and is available to both individuals and companies. There is no upfront premium payable by the client and the premium is payable at the conclusion of the case, which can be recovered.

You can also add the family members in the insurance or get it changed to a group insurance scheme for the lives of the entire group. There are many reputable and well established insurance providers in the market these days, who will assess everything in detail at no cost to you, will give you the quotes and recommend the best product for your specific needs.

After the event legal expenses insurance is meant to give you easy as well as affordable solution to meet your needs and protect your business or organisation.