After the Event (ATE) Insurance
About Nudorra Capital
Nudorra Capital is a litigation loan company that works with law firms and provides loans to plaintiffs in need of financial assistance until their case settles.
We are not an insurance company nor licensed insurance brokers. As a value-added service to our customers and through a strategic relationship we have with a fully licensed and regulated insurance broker, Nudorra Capital is offering to finance $50,000 in ATE insurance coverage at No Extra Cost to your client, when they get a new litigation loan of $3500 or more from Nudorra Capital.
What’s more, if your law firm already has ATE insurance coverage on a particular file, our $50,000 ATE insurance coverage will act as an addition to your existing policy. Or you have the option of purchasing additional ATE insurance as a separate policy, on top of our coverage, for additional protection.
No Other Litigation Loan Company in Canada Offers This Benefit to Law Firms!
ATE Insurance – FAQ’s
The following questions apply to the usual conditions that you would find in our no extra cost “After the Event” policy. However, cases can be subject to individual conditions if insurers deem these to be appropriate.
Insurance product
A client with a new loan from Nudorra Capital may apply for an ATE policy under this agreement.
There is an aggregate claims amount of $50,000 for any single insurable event; i.e., if multiple insured clients were to attend a trial together, the policies would be condensed into one single policy with the indemnity split evenly between those individuals.
The case must have prospects of success of 51% or above, there must be a Contingency Fee Agreement [CFA] in place and the client must have received a qualified new settlement loan from Nudorra Capital valued at $3500 for Nudorra to offer the premium finance (the cost of which is not added to the loan) to apply for coverage.
Standard personal injury cases that qualify for ATE Insurance at no extra cost are those as per below:
- Motor Vehicle Cases (MVA) – Driver, Passenger, Pedestrian, Pillion, Cyclist, Motorcycle
- Slip and Fall Cases
- Employers Liability
- Occupiers Liability
- Product Liability
- Sports Related Injuries
- Animal Related Injuries
- Travel (Sickness & Accident)
- Long Term Disability Insurance Claims
Limit of Indemnity:
$50,000. in adverse cost only. (Defendant legal costs as ordered by the court to be paid by the plaintiff) Top-ups considered on an individual basis.
Premium:
Financed by Nudorra Capital with qualifying new loans valued at $3500. or more. One policy per plaintiff, per case, regardless of the amount of loans or frequency of loans taken out by the plaintiff with Nudorra Capital over the course of their case. Loans that qualify for our financed ATE Insurance must be taken out at least 12 months prior to a trial. Initial loans or additional loans can be taken out through Nudorra Capital later than 12 months prior to a trial, but they cannot be considered by the insurer.
The choice of most law firms, ATE insurance provides the security of knowing your client’s downside risks are mitigated when going to trial. And now, Nudorra Capital is offering to finance $50,000 in ATE insurance at no extra cost to your client, when they get a new litigation loan of $3,500 or more with Nudorra Capital.
Outstanding Service for Your Clients. A $50,000 Advantage for You!
