At the heart of our solutions is an insurance policy that provides an indemnity for legal costs. This indemnity can be given even though the trigger for incurring the cost has already materialised (i.e. the parties are already in dispute). It is called After-The-Event or “ATE” insurance to distinguish it from most insurance indemnities that are taken “just-in case” a cost is incurred in the future (e.g. cyber insurance taken in case a cyber-attack is mounted).
Typically, the policy is triggered in the event that the litigant loses at trial and it then provides reimbursement of costs that have been incurred or are due, up to the limit of the indemnity.
Taking insurance cover reduces and makes more certain the cost impact of losing a dispute. By selecting a level of indemnity and paying the premium, a litigant can determine the exposure to cost write-off that best fits their risk appetite – the worst-case position is put under control.
QLCC’s approach to using insurance to manage litigation risk is different from others
We create solutions for both claimants and defendants.
We provide comprehensive cover that can indemnify:
adverse cost awards (i.e. payment of an opponent’s costs in the event of their success) and/or
own lawyer costs and disbursements (i.e. the legal expenses incurred by the insured in pursuing or defending litigation)
We stage premiums over the life of the litigation meaning that if early settlement is reached remaining premiums are not payable.
We are ready to create solutions for defendants that cap exposure to calamitous damages.
“QLCC” and “Quantum Legal Costs Cover” are trading names of Harbour Underwriting Limited.
Harbour Underwriting Limited is an appointed representative of Bennett Gould & Partners (Dorset) Limited which is authorised and regulated by the Financial Conduct Authority.
Harbour Underwriting Limited. Registered Office: 4th Floor, 8 Waterloo Place, London, SW1Y 4BE.
Registered in England & Wales No. 10384185