How To Send Us Your Completed Form:
1. Download the form on your device and complete the form with all necessary information. You can either fill out the form electronically or print it out and scan the forms.
2. Send us the form to ate@alternativeinsurancebrokers.co.uk. You will get confirmation that we have received your application
3. Wait for a response from our insurers. We aim to get back to you within 7 working days within receiving your application.
Frequently Asked Questions
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How long does the application process and arrangement of cover take?
We cannot guarantee a specific window of time where proposals are either approved or rejected. If we have all the necessary information, supporting documents and details, then we can arrange cover very quickly with an insurer. We just need to understand the case, the risk involved in the case.
We require a good case summary, why merits are good, any issues in the case and realistic value of any damages. We must be assured of the ability to enforce any successful outcome.
How are ATE premiums paid?
Premiums can be paid if part of the litigation funding proceeds or staged payments are made during the case. Some premiums can be deferred until the settlement of a claim.
What is the cost involved for litigation funding?
Where a funding application is approved, the terms are specific to each case based on the overall merits, values and funding required. Typically, the funder will agree with the litigant a share of the proceeds in a successful case. The terms will be governed by a litigation finance agreement and a deed that agrees how this will be paid. In some cases, the funding terms will require the payment of interest on funds provided.
What happens if there is a counterclaim?
We need to review the counterclaim made in terms of its merit and if required seek to include the risk of costs in relation to the counterclaim as part of the cover provided.
Can I receive a proposal/application for just ATE cover or funding?
Yes, those are the two services that we offer.
Is there a charge to receive a proposal/application for review and decision?
No, we will charge and receive a commission from the insurer and/or funder in accepted cases.
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When should I take out ATE Insurance?
As soon as it is possible to assess the merits of a case. For example, after a substantial response to a letter of claim from the other party. As a case progresses the litigation risk involved usually increases and is much less likely to settle before trial. Consequently the availability of terms of cover deteriorates with higher premiums being charged.
How does the ATE insurance meet any application for security for costs by the other party?
For appropriate cases, where required we can seek to arrange an endorsement of the policy and/or an anti-avoidance clause which will meet security for costs requirements in most cases. There will be an additional premium charged in these cases.
Does any funding have to be paid back if the case is unsuccessful?
The funder will usually provide this on a non-recourse basis, meaning if the case is unsuccessful the invested capital in the case cannot be recovered from any proceeds.
Can I seek to arrange cover for cases with specific requirement?
Yes, not all ATE policies provide the same coverage, we will meet any specific case requirements where possible.
What size of cases can you arrange cover or funding for?
We have a process for cases up to £350,000 for cover in which we aim to provide a speedier application process. We will consider proposal/applications for cases above this limit.