After the event insurance (ATE) is a form of legal expenses insurance policy taken out after a legal dispute has arisen.
ATE insurance usually covers a party's potential liability in the event of losing their case, in respect of their own disbursements, but more importantly, their opponent's legal costs and disbursements.
It is therefore often taken out with another form of funding to cover the client's own legal costs, such as third party funding or a conditional fee agreement (CFA) reached between a claimant and their solicitor.
AFTER THE EVENT INSURANCE (ATE)
ATE insurance is different from pre-purchased before the event (BTE) insurance which is often included as part of a household or motor insurance policy and is therefore purchased before a dispute arises. BTE insurance usually covers legal fees and disbursements up to a specified limit.
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