This is After the Event (ATE) legal expenses insurance covering the cost of own disbursements and opponents’ costs if the claim is unsuccessful or discontinued relating to ‘Financial Mis selling’ or Consumer Contract disputes.
This policy would suit any consumer who feels that they have been the victim of mis selling for example has someone retained a commission payment which was not disclosed to the customer? There may have been breaches of fiduciary duty or products and services misrepresented to a consumer at the time of purchase.
Some examples for this include:
ATE insurance will cover the cost of disbursements and opponents’ costs if the claim is unsuccessful .
If you have customers that want to pursue a claim against a financial institution or someone who has broken a contract or their fiduciary duty we can offer a comprehensive policy to meet their needs. Our cover can include limits of indemnity ranging from £25k to £100k.