ATE Commercial Insurance
Temple cover a wide range of commercial disputes, whatever the retainer. Our fully retrospective insurance covers adverse legal costs and the Insured’s own disbursements (excluding their own Counsel’s fees).
If you wish to proceed with a scheme then please complete the application form below and return it to us. On receipt we will arrange to visit you to discuss the finer details of the scheme and the expectations of each party.
We understand that it is your objective to exceed your clients’ expectations. We look forward to helping you to achieve this by aiming to provide the best litigation insurance protection for your clients.
How to apply...
Commercial Scheme Overview
We offer delegated authority schemes which allow a firm to issue certificates of insurance to their clients directly, without referral to us.
Once a policy has been issued, the scheme provides full delegation in respect of the case management, this gives the firm freedom to run cases to trial, issue proceedings or reject offers of settlement without having to obtain our consent at any stage.
We do not insist on written updates at various stages throughout the life of a policy, since all updates are provided by way of a simple set of ‘status codes’ updated via Temple’s Online Policy System (TOPS).
What are the benefits of the scheme?
- Impress clients and build loyalty by protecting them against any adverse costs orders.
- Protect yourselves against professional negligence claims by meeting your obligation under the Solicitors Code of Conduct by discussing insurance options with your clients.
- Have a strong offering to attract clients who would otherwise be wary of pursuing litigation.
- ATE insurance ensures that your clients can pursue litigation without fear of having to pay any adverse costs orders.
- The premium is deferred until the conclusion of the legal action.
- The premium is self-insured and your client will not have to pay the premium if the case is unsuccessful.
- Creates a level playing field for those clients without the financial strength of their opponents.
How does the scheme work?
If you agree to act for a new client under a CFA or other retainer, and this client does not have any other methods of funding available, then that client is eligible for ATE insurance.
You then undertake a risk assessment, which incorporates the scheme criteria agreed with you. Provided that the case falls within those scheme criteria, you can then issue a policy to your client.
The next stage is to log into the Temple Online Policy System (TOPS) where an easy to follow step by step process allows you to issue a policy.
This client is now insured and you provide Temple with updates at the important stages of the litigation (such as when issuing proceedings) by simply changing the ‘status code’ by logging into TOPS, instead of providing written updates.
- A wide range of cases can be insured.
- Reporting requirements are kept to a minimum and you do not need our consent to issue proceedings or reject offers of settlement.
- Policies can have limits of indemnity from £25,000 to £250,000.
- Competitive premiums.
- Full Part 36 cover.
- Premiums are not payable until damages are actually recovered.