Litigation Expense Insurance
Article from: OGEL 2 (2003), in Roundup of Articles
Summary
p>In recent years the cost of litigation in virtually any forum has reached the point at which many potential litigants are deterred from taking legal action. At the same time many legal regimes, such as that in England, are seeking to make access to justice easier for the potential plaintiff. Against this background certain specialist insurers have introduced a range of litigation expense insurance solutions designed to support potential litigants whose legal advisers or counsel consider that they have a reasonable chance of achieving a successful remedy by means of litigation.