Resource Centre > Glossary > ATE (After-the-Event) Insurance

Insurance policy taken by one of the litigation parties after the event which gave rise to litigation (for instance an injury) took place. It is meant to cover the risk of having to pay the costs of the other party if the latter wins the case. This type of insurance exists in systems where the 'loser pays rule' applies - especially in the UK, where it is usually linked with Conditional Fee Agreements.