Helping to increase client confidence cost effectively
Whether you’re a law firm or litigation funder, you seek dispute resolution insurance that can give your clients confidence to pursue their claim. Gallagher is the only global broker with a dedicated dispute resolution team. We offer bespoke dispute resolution insurance solutions to help reduce risk, inspire confidence and increase positive outcomes for you and your clients.
Every case is different and our insurance solutions can play a vital role in the case strategy you may deploy. Working closely with legal teams to help maximise the chances of a successful outcome, with expertise in securing cover cover from £500,000 upwards and our team has a great deal of cross-border experience, enabling us to place cover across many jurisdictions.
Dispute resolution insurance solutions
After The Event Legal Expenses Insurance: The insureds’ legal liability for opponents’ costs following an Adverse Costs Order. Insureds’ ownside disbursements are also insurable.
Security for costs: This cover helps to address security for costs orders, which is especially useful for claimants who lack financial resources or would prefer to avoid cash collateralisation.
Cross Undertakings: This is a 7-year non-cancellable policy covers damages and costs awarded against the claimant if it later transpires that the order was wrongly granted.
Contingency fee: This is a way for law firms to offer their clients a contingent retainer, whilst managing the risk if a case is lost the law firm will earn no income.
Appeal protection: The Financial Impact of a verdict or determination favourable to the insured being Reversed on Appeal.
Arbitration Proceedings Award Default Insurance: The default risk of the Sovereign State, being unable or unwilling to pay following a Successful Arbitration Award.
Human Risk Insurance: Cases can often hinge on the appearance of key individuals, so we’ll cover the extra costs if the key individual is unable to continue.
Dispute resolution insurance Summary
- Satisfy courts and defendants on security for costs
- Premiums can be pre-paid or fully deferred
- Access to A rated insurers around the world
- Cover available across international jurisdictions
We have technical knowledge and intellectual bandwidth to design and place innovative, cost-effective dispute resolution risk management solutions. We forge an understanding and common interest between broker and professional legal partner that’s backed by a proven, global track record.