Savile works in conjunction with litigants, SMEs, corporates, litigation funders and law firms to tailor specialist legal expenses insurance solutions from a range of risk mitigation products with a panel of A-Rated Insurers or Reinsurers.
Products we are able to place (or have individually tailored) include:
One of the most established litigation products is After The Event or 'ATE' Insurance. This is a specialised legal expenses policy, designed to protect a litigant against the financial consequence of unsuccessful litigation, such as an Adverse Costs Order. Third parties with an interest in the underlying litigation, such as a funder can also take out litigation Insurance policies, to protect all or part of that interest.
Savile is also involved with and able to place Before The Event or 'BTE' Insurance, an increasingly popular instrument for both SMEs and Corporates wishing to insure against the incumbent costs of future civil litigation in which they may become involved.
Specific Contingency Insurance
Savile recognises that every client's needs are different, and that not every risk can be adequately addressed by products currently available in the marketplace. As a result, Savile offers a "Specific Contingency Insurance" product, which can be tailored to respond to the specific risks against which a client might elect to insure itself. This can include a number of different scenarios in which clients would otherwise be left with a greater risk exposure than they desire, such as an ATE policy failing to respond, or where there are shortfalls in existing cover.
Pecuniary Liability Loss Policies
Savile works in conjunction with numerous litigation funders and has developed this particular product to cover financing which is advanced to law firms for the pursuit of meritorious cases. Whilst this finance is only advanced on the basis of security provided by the law firms, the Pecuniary Liability Loss policy is used as a back-stop which can be called on to respond in circumstances where the law firm fails to meet its agreed repayment schedule due to insolvency.
Master Portfolio Policies
The Master Portfolio policy is a niche risk mitigation insurance adopted to ensure the recovery of funds in circumstances when a series of other protection or insurance mechanisms have failed to respond. The Master Portfolio product was developed in conjunction with numerous litigation funders including Argentum Investment Management and Buttonwood Legal Capital, both of whom require principal protection for their investors.
For further information about any of our products, please contact: firstname.lastname@example.org
Services we are able to provide include:
Evaluating and measuring risk exposure in relation to litigation in accordance with a strict set of underwriting guidelines.
Investigation of business models, systems and viability of potential business partners so that relationships can be entered into with complete peace of mind.
Ongoing assessment and evaluation of underlying litigation to ensure that it is proceeding in accordance with pre-agreed targets and strategic plans.
The collection of the data required for effective monitoring of underlying risk, often by attending at the offices of law firms and completing full or partial file audits. The Principal of Savile has audited over 300 legal practices and this experience enables Savile to effectively analyse cases either individually or on a portfolio basis and to provide full performance evaluation.