Allianz Legal Protection (ALP) has partnered with leading UK law firm, Lime Clinical Negligence Solicitors, to provide After the Event Insurance with the added benefit of ALP’s Paid as Incurred Disbursement (PAID) model.
The PAID model enables law firms to make early claims for disbursements (as they are incurred) and unlike funding arrangements, there are no drawdown fees or interest. It’s easy to explain to customers as it is not a loan and no consumer credit agreements are involved.
David Vine, business development manager at ALP, commented: “We’re delighted to be working with such a high calibre law firm. The opportunity to collaborate ensures that the injured client’s interests are put at the heart of the litigation.”
David added: “It is really pleasing to have launched our unique PAID proposition and to see it adding real value to our customers’ businesses. This is the first of many partnerships we expect to be announcing over the coming months.”
Neil Clayton, partner at Lime Clinical Negligence Solicitors, commented: “We have a long and established working relationship with ALP and the PAID model is an exciting new development which we hope will allow both ourselves and ALP to prosper”.