ATE Insurance (After The Event Insurance)

After The Event (ATE) insurance is a policy purchased after starting a legal case to cover potential legal costs and expenses if the case loses. It offers peace of mind by indemnifying the insured against financial risks, including legal fees, court costs, and sometimes the opponent’s costs. Typically, if the claim succeeds, the insurer’s costs may be recoverable from the losing party, but if it fails, the insured pays the premium and possibly some costs. ATE insurance helps individuals or companies access justice without fearing prohibitive expenses, making legal action more financially manageable.