Based in New York, Wayne Jay Forman leads DJF Global Group, Inc., which provides a host of insurance brokerage services with a focus on corporate and high-net-worth clients. Wayne Forman’s firm, which also has offices in the United Kingdom, is offering a new insurance product in the United States known as After the Event (ATE) insurance. When a plaintiff loses a lawsuit, an ATE policy can help to cover the legal expenses incurred by the defendant.
The scope of the ATE policy coverage also extends to the insured party’s own costs, disbursements, and cross-undertakings related to damages covered. The limit of such coverage is $3.125 million, and in cases where insurance needs are higher, coinsurance is possible.
DJF Global Group has a strict vetting process in place and does not accept in-person applications from litigants. Rather, applicants must retain legal representation in their cases. They must also be residents of the United States, Canada, New Zealand, Australia, Europe, Hong Kong, and Singapore.
Once an application is completed and supporting documents are submitted, the merits of the claim are carefully evaluated and a response is quickly provided. In cases where terms are offered, the client has a week in which to accept, at which time the policy can be issued.
