In our experience, financial cost risk, is one of the major reasons clients do not bring a meritorious legal action. It may be because they do not have the funds to run the action or the risk of a potential adverse cost order, no matter how narrow, could be catastrophic to their financial position. Perhaps they do have the financial resources to be able to carry the costs associated with their legal claim but do not want to tie up cashflow to run their businesses.
There are many reasons businesses and individuals are not comfortable with the amount of risk involved in litigation.
Vie Legal Insurance can connect clients with the tools to help mitigate that risk.
How accurate is this to your practice? Could ATE insurance help to increase your bottomline by managing your clients financial risk?
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