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.
Client lodges claim with solicitor
Solicitor reviews claim
it is accepted/declined
Accepted Claim
Signs up contracts with the client
Policy is now live
ATE Insurance is incepted
Claim is run to completion
Claim is accepted or declined
With ATE Insurance in place
Horizon pay out the loan to the law firm
Claim concludes
Solicitor pays out loan/ATE pays out
Loan Is Repaid!