This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.
LEGAL EXPENSES INSURANCE
Legal expenses insurance, defined in FSMA 2000, 1 is a before-the-event insurance against the costs of litigation. Typically, it covers the legal expenses that a policyholder may incur in an action and for any award against him of the other party’s legal costs. It is relatively new, but increasingly used. There is little case law on the topic, other than relating to the possibility under section 51 Supreme Court Act 1981 of insurers having to pay costs above policy limits, but there is no FOS material on that.
The rest of this document is only available to i-law.com online
If you are already a subscriber, please enter your details below to log in.