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For litigation funding – what are the ‘must-haves’ you really need?

By Matthew Best, Senior Underwriting Manager

(Estimated reading time: 1 minute, 42 seconds)

Whether you run commercial disputes, clinical negligence cases or personal injury claims, we know that you want to provide your clients with the best chance of obtaining the access to justice with an agreeable financial settlement.

With many ATE and Funding providers to choose from, it can be difficult to see exactly what is being provided and at what cost.

So what should you be looking for when choosing an ATE and funding provider?

Our regular dialogue with leading lawyers has helped keep Temple at the forefront of litigation funding for over twenty years.

Here are the top ten features that solicitors say they value about our litigation funding:

1.Full delegated authority to run your case without seeking the insurer’s authority. If you need to issue proceedings, incur disbursements, reject an offer of settlement or proceed to trial, go ahead.

2.Freedom to choose your own expert service providers, with no extra cost added to the funding or the ATE premium.

3.Deferred and contingent premiums offered in every case.

4.Automatic access to disbursement funding for your cases.

5.An interest rate of just 10% for disbursement funding, which is only applied to funds used, not allocated.

6.Direct access to the decision makers in all areas including underwriters, funding and claims.

7.An online policy system that is straightforward to use, allowing firms to issue policies, request funding and make claims.

8.The price of the insurance and funding products is transparent, so you can advise your client about the real cost to them.

9.Temple is authorised and regulated by the Financial Conduct Authority for insurance and lending so you can be sure that we lend responsibly and treat all of our customers fairly.

10.The ATE insurance is backed by ‘A rated’ insurers, for peace of mind that your clients’ claims will be met in the years to come.

All of our Senior Underwriters coming from a background of insurance and / or litigation, you can be confident that we understand the needs of solicitors and their clients and provide the most comprehensive, cost effective funding solutions.

If any of the features above are not afforded by your current provider, please talk to us.

Setting things up could not be easier. For a discussion of your requirements please email or call 01483 577877. We look forward to hearing from you.

Matthew Best Cert CII

Head of Personal Injury & Clinical Negligence
Read articles by Matthew Best Cert CII

Matthew Best Cert CII

Matt has an insurance background and joined Temple in 2011 having worked for 4 years in a leading insurance company where he was dealing with personal injury work. Matthew was promoted to Underwriting Manager and subsequently Senior Underwriting Manager taking on overall responsibility for Temple’s personal injury and clinical negligence underwriting department.

In 2022 Matt joined the board of directors as Director of ATE Partnerships. Matthew has cultivated fantastic relationships with our business partners for many years. His ability to build a clear understanding of their requirements and more importantly what is required to fulfil such requirements means he is ideally placed to support the strategic direction of the company.

Matt remains the head of the personal injury and clinical negligence department and is committed to all Temple’s business partners in order to deliver the highest level of service they expect. He is also responsible in making sure that Temple’s ATE and disbursement funding products remain competitive, but most importantly that they are fit for purpose for solicitors and their clients.

 

Read articles by Matthew Best Cert CII