Justice costs money. Serious money. Litigation funding can be hard to raise and in each and every legal case there is a huge amount at stake when the verdict is made. Legal costs can run into huge sums. The party that loses the case can end up with their own bill, plus the costs of the other side to deal with. These sums can bring individuals or organisations down with them. So it pays to hedge the risk of this happening.
After the event insurance can protect individuals, law firms and businesses against the risk of this exposure. To get the best terms it pays to use a broker who can go out to the open market and find the best terms that are available. They can assess each case on an individual basis and source the right cover and solution accordingly. This makes a big difference to the terms that can be negotiated. Read more