ATE Insurance funding for lower value cases through a DBA-based premium option
Lawyers and their clients often need to weigh up the pros and cons of pursuing a lower value commercial claim.
Sometimes so little of the damages award may remain after the costs of taking a case to trial and paying the lawyer’s success fee that the claim simply isn’t worth pursuing.
Now, Guardian Legal has an innovative solution which ensures your clients will always retain the majority % of the damages, even after deduction of premium and success fee.
Through a damages-based, rather than limit of indemnity-based, premium, the benefits to your clients are:
- Premium to trial of circa 22.5% of damages awarded, ensuring the client retains 77.5% of their award before any other deductions.
- Substantial staged premium discounts available if the case is settled pre-issue, as follows:
Stage 1 (Pre-issue): 5% of damages
Stage 2 (Post-issue): 15% of damages
Stage 3 (applies 60 days prior to trial): 22.5% of damages
We can offer this policy for claims with a minimum value of £25,000 damages and a limit of indemnity up to £100,000.