In a critical professional negligence claim, Ignite's rapid response secured insurance cover for an imminent mediation. Facing urgency due to a conflicted ATE provider, Ignite swiftly stepped in after being approached by a distribution partner.
This case study explores Ignite's quick, expert action ensuring timely and comprehensive coverage, empowering solicitors and clients in mediation with confidence.
Challenge
Ignite Specialty Risk was approached by a key distribution partner to provide ATE cover on a group professional negligence claim.
Ignite faced the challenge of providing urgent insurance protection as the solicitor’s existing ATE provider was conflicted and needed cover for a mediation in two days. Recognising the tight timescales, the distribution partner approached Ignite.
Solution
Same day assessment, due diligence, and quote.
Ignite swiftly assessed the circumstances and once in receipt of papers, promptly provided a non-binding indication (NBI) of premium pricing and initiated due diligence the same day. Ignite was advised the following morning that the NBI was attractive. Shortly after this confirmation, Ignite issued a formal quotation featuring a competitive staged pricing offering and also agreed to address any security for costs issue, thereby presenting a comprehensive solution.
Result
Solicitors and clients proceed confidently into mediation, backed by Ignite’s proven competence and commerciality.
The solicitor and insured clients accepted the provided quotation just a day before the scheduled mediation. This decisive action empowered the solicitor and insured clients to confidently enter the mediation process knowing that if the opponent chose not to engage sensibly, they had the option to litigate the case with the confidence that they were protected against the financial burden of litigation. Ignite’s ability to swiftly navigate the situation and provide a well-informed solution was facilitated by its deep understanding and experience in handling similar cases within the field.
