Wayne Jay Forman, a public accountant, graduated from Long Island University before beginning his career in the consulting and insurance industry. Following more than a decade as the president of Forman International, Wayne Forman assumed the positions of CEO and president of DJF Global Group, an insurance firm in New York where he serves to this day.
Recently, DJF Global released a new product known as after-the-event insurance (ATE). Designed for plaintiffs in court cases, ATE provides insurance coverage for sums awarded to the defendant of a lawsuit. Specifically, the product typically protects clients from paying the legal fees and expenses of an opponent in the case of an unsuccessful claim for compensation.
ATE is one form of legal-expense insurance, the other being before-the-event (BTE) insurance. While ATE insurance protection for a specific legal event that has already occurred, BTE is purchased before an event has taken place and provides protection against an unforeseen legal event.
In addition to insurance protection, ATE provides external validation of a legal case’s strength. This is because an insurance company completes a thorough risk assessment of a legal case and client before issuing an ATE policy.
Wayne Forman 