The "no win no fee" model refers to the costs you would have to pay your solicitors, in this case Haynes.
So, if you win, they have guaranteed within the terms that you keep at least 75% of your compensation. This is so long as you have complied with them i.e. kept in contact etc.
If you lose, the "no win, no fee" arrangements means you do not have to pay YOUR solicitors costs. Again, so long as you have cooperated with them.
However, it does not mean your claim is risk free. Sometimes when you lose a case the court orders you to pay the Defendant's legal costs. The "no win, no fee" agreement does not protect you from this but this is where an After the Event insurance policy comes in (ATE).
Most solicitors insist that you must have an ATE policy in place before they will represent you. An ATE is an insurance premium that covers the amount of any costs order made against you.
So if you truly want to be in a position where you have no risk of having to pay anything out then then you need an ATE policy.
The price of an ATE depends on a lot of factors such as how risky the case is and how much any adverse costs order is likely to be. Your solicitor arranges the ATE policy for you, you don't get it yourself. They will tell you how much it costs etc, it usually isn't a lot and sometimes it is "self insured" which means you don't have to pay it anyway.
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