We know you have a choice. Bringing ATE to Life

Transcription

1 We know you have a choice Bringing ATE to Life

2 Elite Insurance Company Ltd We Know You Have a Choice What does that actually mean for your business and your clients? About Us Elite Insurance Company Ltd was born out of the need for an insurer that actually understands the needs of its clients, and really appreciates the challenges that a modern law firm faces, both today and in the future. We recognise the issues because we have faced them ourselves and we ensure we work closely with our panel members to deliver for our clients. We feel that our products have the flexibility to give you complete confidence in recommending them and your clients complete confidence in using them. We are one of the fastest growing insurance companies in the sector, and have gained a very strong reputation for being innovative, flexible and understanding. Elite gives your clients total peace of mind as our policies come with the financial security of the Financial Services Compensation Scheme. We are members of the Financial Ombudsman Service, the Financial Ombudsman Scheme, the Association of British Insurers and the Legal Expenses Insurance Group. To discover why we have been nominated for various industry Awards, please call us on

3 Delegated Authority About Us Time is money, and to save you time and money we provide simple, yet effective Delegated Authority Schemes. We appreciate that when it comes to fast track litigation you require a simple and streamlined process for requesting a policy, cancelling a policy, updating us or making a claim if needed. A Delegated Authority Scheme is operated by us, as the underwriter, appointing your firm to risk assess the merits of the legal case on our behalf. The savings made by the reduced expense of us outsourcing the underwriting of the case are reflected in lower premiums for our clients. Our award nominated online system allows you to do any of the above with a few simple clicks of your mouse. Online access gives you the ability to request a policy and have that policy ed to you in a matter of seconds. Additionally, you can update clients files in real time 24/7, and at your convenience, to keep us informed of the progress of a case. Management information, case law and documentation are also available at your fingertips. Delegated Authority is available on a wide range of case types including: Road Traffic Accidents Personal Injury Commercial Industrial Disease Insolvency Clinical Negligence

4 Rate Based Individually Assessed Bespoke Policies We know that not every case is a simple one. Our dedicated team of in-house underwriters are specialists in all aspects of litigation and can provide your clients with bespoke legal expenses cover ranging from 10,000 to 5,000,000. Risk assessing and underwriting cases can often be a challenging and difficult task. Our underwriting team will review the merits of each case before deciding whether an offer of cover will be provided. This service is often provided free of charge but sometimes a small refundable fee will be charged and refunded if cover is accepted. Furthermore, if requested, our underwriters will attend to the matter at the client s premises to review the case. Unlike some of our competitors, our underwriting team is based in-house which means we do not rely on outsourced underwriting. Our team is made up of highly experienced lawyers who pride themselves on offering a cost effective and efficient service. Rate Based cover is available on a wide range of case types including: All case types All case tracks Judicial reviews Appeals Tribunals Most territories

5 What Makes Us Different? We offer a range of benefits that have been specifically developed to assist you and your clients. Innovative Products Features and Benefits Deferred Premiums Stepped Premiums Block Rated Premiums Instant Online Policy Application and Reporting Early Settlement Discounts Self-Insuring Premiums Premium Recovery Support Cover up to 5,000,000 We know that for many of our clients economic times are tough. With this in mind we can offer fully deferred premiums on personal injury cases as well as many commercial litigation matters. Stepped Premiums Stepped Premiums are a recognised way of increasing the premiums according to the risk profile of the case. In most cases, once proceedings are issued or a trial date listed, the premium will increase in line with what was agreed at the outset. Stepped Premiums have been tested for their recoverability in the case of Rogers v Merthyr Tydfil Early Settlement Discounts Often referred to as a reverse step premium, this is a product pioneered by Elite. Essentially, the premium is set from the outset but reduces if the case is settled prior to the specified and agreed timescales/stages of the case. This product assists in settlements where the opponent realises costs can be reduced by an early settlement.

6 Self-Insuring Policies It may sound bizarre to have a self-insuring insurance policy, but it s really quite simple. In addition to covering your clients disbursements and their opponents costs, should a matter be unsuccessful, our policies will often pay for the premium itself. This ensures that your client is not left with a liability, which gives them complete peace of mind *. Assistance With Recovery Although over the last few years premium challenges have become less commonplace, we know that this has caused issues in the past for many firms. We appreciate that your time is your money and to assist with any challenges we ask you to refer the matter to us and we will help. If that is not enough, we will appoint a specialist cost recovery firm to recover the premium on the clients behalf. This lets you carry on with the more important issues of running your clients cases. Premium Recovery Guarantee Our underwriters are arguably the best in the business and as such Elite is able to offer a premium recovery guarantee *. If we are unable to recover the premium in full, then we will not ask the client to make up any shortfall should a court award less. So, if you want to provide solid protection to your clients and give them and you complete peace of mind, just get in touch and we will be happy to help. * You will need to check that this cover is available at the time the product is purchased.

7 Elite Online System IT Solutions Online application form Management information reporting Quick address completion Complete online control Policy reports by case status Full supporting document suite IT Solutions Time is money and with the added pressures of tight deadlines, we have developed market leading IT solutions. Under a Delegated Authority Scheme policies can be applied for online 24/7/365 and are ed back within a matter of seconds. Case reporting, amendments, cancellations and so on can all be undertaken online. Naturally you would expect such a total solution to provide instant real-time and bespoke reports and this is done effortlessly and securely. We have made the whole process of after the event legal expenses insurance simple, quick and secure.

8 We know you have a choice Newton Chambers, Newton Business Park, Isaac Newton Way, Grantham, Lincolnshire, NG31 9RT F: E: enquiries@elite-insurance.co.uk We know you have a choice The Genesis Centre, Garrett Field, Birchwood, Warrington, WA3 7BH F: E: sales@elite-insurance.co.uk Newton Chambers, Newton Business Park, Isaac Newton Way, Grantham, Lincolnshire, NG31 9RT F: E: enquiries@elite-insurance.co.uk We know you have a choice The Genesis High Holborn Centre, House, Garrett Field, Birchwood, High Holborn, Warrington, London, WA3 WC1V 7BH6RL F: E: underwriting@elite-insurance.co.uk E: sales@elite-insurance.co.uk 912c Europort, Europort Road, Gibraltar T: F: E: info@elite-insurance.gi Newton Chambers, Newton Business Park, Isaac Newton Way, Grantham, Lincolnshire, NG31 9RT F: E: enquiries@elite-insurance.co.uk The Genesis High Holborn Centre, House, Garrett Field, Birchwood, High Holborn, Warrington, London, WA3 WC1V 7BH6RL F: E: underwriting@elite-insurance.co.uk E: sales@elite-insurance.co.uk 912c Europort, Europort Road, Gibraltar T: F: E: info@elite-insurance.gi Elite Insurance Company Limited. Registered in Gibraltar. Company No Registered Office Address: 913 Europort, Europort Road, Gibraltar. Licensed by the Commissioner of Insurance under the Insurance Companies Act 1987 to carry on insurance business in Gibraltar High Holborn House, High Holborn, London, WC1V 6RL F: c Europort, Europort Road, Gibraltar T: F: Elite Insurance Company Limited. Registered in Gibraltar. Company No Registered Office Address: 913 Europort, Europort Road, Gibraltar. Licensed by the Commissioner of Insurance under the Insurance Companies Act 1987 to carry on insurance business in Gibraltar