If you want to submit a claim for personal injury compensation, how will you fund your legal costs?
When you have been injured in an accident that was not your fault and was caused by the actions or negligence of another party, you will be able to submit a personal injury claim. There are many different ways that this claim can be funded.
Here are some of the main ways to fund your claim and an explanation of how each funding method works:
When you enlist the services of a lawyer on a “no-win no fee” basis, this means that if they do not succeed in winning your case, you will not have to pay them. If you do win, you will usually not have to pay either because the fee for your lawyer can come out of the payment of your opponent. There are many advantages to using this type of payment. First of all, it can allow you to claim compensation even if you cannot afford the fees of a lawyer. It will also motivate your lawyer to work hard to win your case, because their payment will depend on it. “No Win No Fee” agreements are also known as CFAs or Conditional Fee Agreements.
Legal Expenses Insurance
If you have insurance, you can check your policy to see if you are covered for Legal Expenses. This will likely be referred to as LEI or Legal Expenses Insurance on your policy. Your insurers might insist that you use their lawyers, or you might be able to have freedom of choice and select your own solicitor. If you want to use your legal insurance to pay for the costs of your legal claims, you will have to contact your insurance provider and obtain the appropriate form. Once the insurers have reviewed your case and deemed that your claims are valid, the policy will cover your legal costs.
If you are a member of a trade union and you have been injured in an accident in the workplace, your trade union might provide cover for the legal expenses of claiming compensation for your accident. To find out, ask your trade union about their policies.
Some people choose to fund their own personal injury claims, but this is a very rare situation. Most people avoid this because the risk of losing such a large amount of money is just too great. You will be responsible for paying for all disbursements, medical reports, and court costs. If you lose the case, you will also have to pay for all of the solicitor’s fees and legal costs of your opponent. Privately funding your personal injury claim is not recommended.
These are a few of the ways that you can fund your personal injury compensation claim. It is up to you to decide which option works best for your needs and your financial situation.
A festival celebrating the sport of polo was officially launched at the historic Langley Abbey Estate.
...Founded by the Premonstrentation order of White Canons in 1183, the Langley Abbey buildings have stood for nearly 1000 years, and the vaulted former Cellerars range of the Abbey is still standing and has recently been restored...
A great venue for an outdoor event.
The 2 day event sees 4 games a day with 8 teams from across the country fighting for glory, as well as 2 exhibition matches.
Last summer, they both attended a charity polo match in California. (see BBC News video/article HERE).
Of course, some people would like to try such sport but not cheap as you need more than one horse, because it is really demanding. So, a capital investment is almost necessary to be part of this community...unless sponsors can help out.
But all depends on your priorities. Some wealthy investors would rather spend cash on wines, spirits during an auction. Recently reported, a bottle of Glenfiddich Jane Sheed Roberts Reserve sold for £60,000 (read all details HERE).