Irwin Mitchell has launched a bespoke after-the-event (ATE) product in association with Allianz Legal Protection (ALP) for professional negligence claims against solicitors.
The firm has full delegated authority to offer the product, ‘Support4Dispute Professional Negligence’, the “unique” feature of which is a staged premium linked to the amount of damages recovered and capped.
ALP said this enables the claimant “to retain a more proportionate share of any damages recovered, especially for cases in the sub-£100,000 damages band”.
In addition, the premium is deferred until the case is settled, and only payable on successful cases.
Steve Rowley, ALP’s business development manager, said: “Customers with lower-value claims are struggling to find appropriately priced and suitable ATE insurance cover that meets their needs. This often means these cases never progress, even though the customer has suffered some form of negligence.
“We’ve worked with Irwin Mitchell over several months to jointly develop this product specifically aimed at addressing the risks and issues faced by customers trying to bring a negligence action against solicitors. Irwin Mitchell’s expertise in handling solicitor professional negligence claims provides us with complete confidence to provide the product on a delegated authority basis.”
Dan Brumpton, partner and head of professional negligence team at Irwin Mitchell, added: “Since April 2013 many clients with potentially strong claims against their former solicitors have found it difficult to fund them. We believe this new product will allow those clients the opportunity to do so.”