Not every case fits squarely into the market’s preferred model.

 

Where Maxima’s experience and creative approach become of greatest value is here. We don’t look at a case as a simple form filling exercise; we look to see what the best options are for the Client. We have relationships with bespoke insurance markets that can develop unique one off solutions, as well as respected relationships with funders that allow the funding to be modelled to suit.

 

Each client’s circumstances are different, together with their attitude to risk.  Our experienced multi-field experts will help you find or create a solution that meets your individual requirements.

 

Here are just a few examples of clients that have come to us and we have tailored a specific solution to meet the exact needs of the case:

 

---

 

A Barrister was working on a case on a direct access basis but the client had run out of funds.  His client needed funding to cover costs of a forthcoming mediation and to cover the barrister’s costs to trial if necessary.  We were able to secure a funder to allow the case to continue and remove all risk from the client.

 

---

 

A client needed an indemnity bond for a security for costs application as the ATE insurance that the client obtained was not deemed adequate security for the courts at that time.  The application was being heard within a short timeframe from our instruction.   We were able to secure an indemnity bond on behalf of the client that the court accepted and the other side’s application for security was dismissed.

 

---

 

 

A client whose Solicitors and Counsel were engaged on a fully contingent basis, required funds or an indemnity to pay £50,000 billed fees for an expert to attend a trial listed for 4 weeks.  We were able to create an alternative risk policy to cover the costs of the expert in the event the case lost and to pay out within 14 days post trial.

 

---

 

 

A Solicitor approached us, having already tried to source insurance through another broker who had not been able to secure cover on their behalf.  On looking at the various insurers’ reasons for rejecting the case, it was evident that their main concerns had not been fully addressed.  With further explanation we were able to get the case accepted and cover incepted, even though it had previously been declined by 7 insurers.  The level of cover sought was £1.1million.

 

---

 

 

Whatever the hurdles for your case may be, whether financial, risk hedging, or looking for bespoke insurance cover, then please contact us and we will always endeavour to find a solution where possible.