After The Event Insurance (ATE Insurance) is insurance which covers the legal costs and expenses involved in litigation.
The Woodville ATE structure differs in that the loan is made directly on a case by case basis to the Solicitor with full assignment rights over
each and every case. The Solicitor is charged a flat monthly rate of Interest and a typical loan term is 6-9 months. The loan is repaid by the
Solicitor once the case has settled.
The Company utilises Investors' funds to onward lend as litigation finance loans to UK Solicitors. The Company intends to focus on
providing this loan capital to fund their case acquisition, associated disbursements and work in progress (WIP) which are fully insured at the
point of entry for Woodville.
Types of claims covered
The most common After the Event Insurance policy being offered is for clients who have been involved in a Road Traffic Accident.
Other ATE Claim types:
Cavity Wall Insulation
Solar panel Claims
Tenancy Deposit Claims