Funding Your Personal Injury Claim
If you’re thinking about making a personal injury compensation claim, it’s only natural to be concerned about funding the cost of your legal action.
If you’ve been involved in a serious accident, your personal injury claim is your one opportunity to be properly compensated for your injuries and financial losses. That’s why it’s so important that you don’t let worries about money stop you seeking specialist, professional advice as soon as possible.
Funding your personal injury claim
Broadly speaking, you have four options for funding your claim:
Conditional Fee Agreements (CFA)
Also referred to as a ‘no win no fee’, a conditional fee agreement means that if you lose your injury claim, you won’t be liable for our costs. As part of this option, our lawyers can also arrange insurance that protects you against paying the defendant’s costs.
If you win your case, your opponent will pay the bulk of your legal costs and expenses. Any unrecoverable costs will be deducted from your final compensation amount.
Legal expenses insurance
Legal expenses insurance is often included as a benefit or optional add-on to home or vehicle insurance policies.
This type of insurance often covers personal injury claims. It normally provides indemnity cover to a certain limit for your legal fees and expenses, regardless of whether you win or lose your case.
Please let us know if you want us to check your policy to see whether you have cover in place.
Trade union funding
If you’re a member of a trade union or you’re entitled to their benefits, it’s possible that they will cover some or all of your legal costs for a personal injury claim.
You should be aware that trade unions often have a preferred panel of solicitors they refer to. We will therefore need to talk to them before we can represent you.
If your case doesn’t initially appear strong enough for a ‘no win no fee’ agreement, we can undertake a preliminary investigation for you on a private funding basis. Our negligence solicitors will provide an estimate of our fees in advance.
If the results of the investigation are positive, we may then be able to take on your case on a conditional fee arrangement basis.
We may also be able to help you if you’re currently using another legal firm, but are unhappy with the way in which your case is progressing. Read our advice on changing your personal injury solicitor.