Will you take out an insurance policy to cover me against risk of costs?
As we have made it clear, we operate on a no win no fee basis, which means you wont have to pay our costs unless you succeed, but you will still be liable for the disbursements such as engineering evidence, medical reports, court fees etc.
Further you will also be liable for Defendant costs in certain situations.
There are no guarantees in the claims process therefore if you decide to take out the insurance policy then this will give you added protection.
We will take out an independent insurance policy on your behalf, which will cover all the disbursements and our costs, which will enable us to operate on a no win no fee basis and will cover you against the risk of the Defendant’s costs.
There are possibilities you may have to pay the Defendant’s costs and in the unlikely event you are ordered to pay the Defendant’s costs, I.E. if they make an offer to settle your claim and you fail to accept the offer in accordance with our advice, adverse costs and other costs you may be liable for, then the insurance policy will cover the costs (subject to terms and conditions).
We recommend this policy is taken out as the insurance policy cost will only be payable upon successful settlement of your case.