Who is it for?
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:
- Vehicle Personal Contract Plan – a third-party paid commission that your client was not aware of.
- Mis-sold investment products – there are a variety of investment products that could be mis-sold, such as profit bonds, company stocks, and managed portfolios
- Mis-sold pensions
- Mis-sold mortgages
What does it cover?
ATE insurance will cover the cost of disbursements and opponents’ costs if the claim is unsuccessful .
Is there anything else you should know?
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.