My experience of this type of insurance is that “after the event insurance” is of two broadly similar types both of which are designed to pay your opponents costs
The first is just that - you decide to litigate and accept that you will have costs but wish to insure against having to pay your opponents costs regardless of you winning or losing.
The second is where you go for a “no win no fee” arrangement with a firm of legal bods and they should advise you to consider an insurance policy that will cover you if you lose as whilst THEY will not charge you under a no win no fee arrangement, they cannot guarantee that if you lose, the other sides costs may be awarded against you.
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