Key to our product is the protective measures put in place to secure our loan which provides the solicitor funding. ‘After the Event’ insurance provides this important additional protection.
Previous litigation funders in this sector saw solicitors directly funded with no coverage or protection in place, with cases being funded at the outset, substantially increasing the risk.
- Woodville enters the process much later and only at the point where the insurance certificate is attached to the case.
- Blame has been apportioned and due diligence has already been completed on the validity of the case in question. This negates much of the early risk often associated with the claims industry.
- We only fund on a case by case basis.
The loan process overview
Client lodges claim with solicitor
Solicitor reviews claim; it is accepted/declined
Signs up contracts with the client
Policy is now live
ATE Insurance is incepted
Claim is accepted or declined
With ATE Insurance in place Woodville pay out the loan to the law firm
Claim concludes solicitor pays out loan/ATE pays out
Loan is repaid