By

After all the debates and reports in recent years, it appears almost certain now that recoverability of success fees and ATE premiums is set to end in 2013. You may have recently had your delegated authority scheme terms withdrawn or your preferred insurer has perhaps warned you that the scheme could be withdrawn in the near future. If so, you will be in the same situation as many other lawyers who have come to rely on one particular insurer through a delegated authority scheme (or a cover holder arrangement).

The reality is that insurers who have traditionally offered delegated products to areas such as professional negligence, personal injury and insolvency litigation are worried that solicitors will not be in a position to insure all of their cases through a scheme post-LASPO when recoverability of the premium is abolished. Many solicitors are therefore now faced with the prospect of arranging insurance on a one-off basis for the first time in a long while when in recent years it had simply been a case of arranging the insurance online.

One step that all litigators should take to safeguard current clients is to ensure that they are aware of the ATE insurance options available through TheJudge.

Professional negligence cases are likely to be one of the major financial casualties as a result of the regime change. However, the legislative change will not be retrospective so it is vital to ensure that your clients are fully aware of the advantages of the current system.
TheJudge strongly urges lawyers not to put off making applications for ATE insurance until the eleventh hour. We expect Insurers’ qualifying case profiles will change as we approach the end of the present regime.

Apply for ATE insurance online from leading insurers or speak to one our specialist brokers today on 0845 257 6058.