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We are now entering the last couple of weeks for ATE insurance premium recoverability in the UK, for most areas of law. Lawyers in the UK are frantically making last minute applications in the hope of securing ATE insurance cover for the clients' commercial litigation, before the rules change in April.

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.

Third party funding arrangements are highly bespoke and individually negotiated, often using very different approahces to structure and pricing. However, as the market has matured, it has on the whole adopted several broadly accepted basic pricing methods.