Accelerate provides a fast-tracked market search process for obtaining ATE insurance quotations requiring adverse costs and own disbursements cover of up to £250,000 for commercial litigation and insolvency disputes.
The premium are deferred and contingent upon success and staged to provide a reduced premium should the case settle early. This means that there is nothing to pay upfront and nothing to pay in the event of a loss.
The insurer participants in Accelerate are five ‘A rated’ insurers which provides the benefit of a detailed market search with responses within 24 hours.
Accelerate caters for a wide range of litigation claims focusing on commercial or civil litigation claims. The panel of insurers selected to provide quotations are chosen based on their appetite and offering within the ATE insurance market. Here is non-exhaustive list of the case types the can be processed through Accelerate ATE:
The applicant's Lawyer submits the application.
We approach a selection of insurers and, if eligible, we return within 24hrs with non-binding indications and draft policy wordings.
The applicant considers the indications, confirms that they are interested in proceeding with their preferred terms and the applicant’s Lawyer provides documentation to support their case.
The insurer has 5 days to undertake their due diligence and either offer a formal quotation or decline to quote.
The applicant can accept or reject the formal quotation. If accepted, the insurer will bind the policy on the agreed terms.