How is the price of an ATE insurance premium calculated?
The price of the ATE Insurance premium is usually calculated based on a percentage of the amount of cover the claimant requires. The percentage reflects the prospects of the claimant’s claim succeeding. Therefore ATE Insurance policies on cases which need a lot of cover, because the level of costs are likely to be high, and are high risk will have a higher premium than cases which need less cover and are lower risk. However, bear in mind of course that the ATE insurer will only usually take on a case if it has good prospects of success; and, like a funder, the ATE insurer will not pay the claimant’s initial legal costs associated with investigating whether or not the claim does have good prospects of success… Read More The cost of the ATE Insurance premium is potentially recoverable from the losing defendant in a similar way to any other disbursement. With this in mind, premium price structures are designed with a view to demonstrating to a Costs Judge at the end of a case that the lev
