after the event insurance

after the event insurance
After the event insurance or ATE insurance. Insurance to cover some or all of the costs if a case is lost.
England, Wales
Insurance which is taken out after the event which is the subject matter of legal proceedings to cover some or all of the potential costs liabilities in those proceedings (particularly if the case is lost).
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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