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The LASPO Act has of course had an impact on the future structure and pricing of litigation insurance offers, for the majority of areas of law. Whilst this shouldn't have an effect on premium pricing for insolvency litigation, will underwriters be looking to increase recoverable ATE premiums to take into account the inevitable decrease in premiums the increased price competition in other areas of law will force?

Businesses, both large and small, must have valid insurance policies, which should ideally be facilitated by insurance brokers. Business insurance is an absolute must because of the uncertainty of the future coupled with the innate volatility of business can lead to financial losses, litigations and even closure.

After the Event Insurance, known as ATE insurance, offers an indemnity for legal charges in the occurrence that a customer's litigation or arbitration is dropped. An After the Event (ATE) insurance scheme generally protects the prospective liability for the other end's costs (adverse costs), as well as some or all of the client's own legal fees.

In car insurance, there are different types of insurance coverage’s which cover different types of risks like road accident cover which is common in every auto insurance, medical expenses which cover all medical costs of the passengers, comprehensive coverage which cover almost every risk etc.