Accelerate provides a fast-tracked process for obtaining ATE Insurance for commercial cases requiring adverse costs and own disbursements cover of up to £250,000.
The premiums are deferred and contingent/self-insured upon success and staged to provide for 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 ‘A rated’ insurers. As there are multiple insurer participants in Accelerate, your client retains the benefit of a market search.
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.