The role of After the Event (ATE) Insurance in Vehicle Emissions ‘Dieselgate’ claims
The vehicle emissions scandal, otherwise known as ‘Dieselgate’ has been one of the most high-profile group action claims for the last few years – here in the UK and across the world. With the Volkswagen Group NOx Emissions case settling in 2022 for £193m, time is now ticking for those wishing to take action against Mercedes and join that group action if you ever owned or leased a vehicle effected by the scandal.
Many law firms across the UK who are involved in diesel emissions claims against Mercedes will now be looking to maximise the number of clients they can represent. However, it doesn’t end there with just the one manufacturer.
In what appears to have been a widespread practice, numerous vehicle manufacturers are now under investigation, with potential emissions claims being launched in the coming years, in multiple territories. At Prosperity, we are also able to insure vehicle manufacturer’s claims against BMW, Vauxhall, Ford, Jaguar Land Rover, Citroen, Peugeot, Renault, Nissan, Alfa Romeo, and Volvo, as well as the second round of Volkswagen Group claims, now being known as Volkswagen 2.
Prosperity’s After the Event insurance will not only cover your clients’ disbursements and adverse costs if the case is lost, but also give them the confidence and security required to take part in any emissions group action claim.
Need convincing? Keep reading.
Levelling the playing field for firms of all sizes
We’re already the provider of choice for thousands of policy holders affected by the vehicle emissions scandal – trusted by law firms of all sizes to provide comprehensive and competitive cover. And that’s part of our very ethos at Prosperity.
We realised through our work with large, national firms that all sizes of law firms should be able to access cover, without any excessive or up-front costs. And it’s for this reason, our ATE premiums are 100% fully deferred and self-insured, making them entirely accessible to all.
But what does this mean for your clients? Our policy provides peace of mind for individuals joining a group action claim, knowing that the firm representing them has significant and substantial cover if the case should be lost. And what’s more, we provide one of the most competitively fixed priced products of its kind on the market.
Not all policy providers are created equal
There are a number of Vehicle Emissions ATE Insurance products out there – but they’re not all equal. Aside from our 100% fully-deferred premiums already mentioned above, there are a number of other benefits gained from choosing Prosperity.
● We offer single-staged premiums at a very competitive price.
● Our online portal makes administration and onboarding of clients simple and quick – meaning less time spent on your side.
● You’ll be working with a team of highly experienced professionals, with decades spent working in complex insurance.
● Through our partner law firm, we understand the requirements of firms of all sizes – and our products have been crafted in line with this unique understanding.
No matter what manufacturer your future case/s may be against, we’re happy to discuss your requirements. To start a quick and confidential conversation about our Vehicle Emissions ATE Insurance, email andrewwilliams@prosperityinsurance.co.uk or give us a call on 0800 524 4235.
