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.
Broadly speaking, you have four options for funding your claim:
Conditional Fee Agreements (CFA)
Often 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, we 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, with any unrecoverable costs being deducted from your final compensation award.
Legal Expenses Insurance
Legal expenses insurance is often included as a benefit or optional add-on to an insurance policy, such as home or vehicle insurance.
It often covers personal injury claims, normally providing 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 the union 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, therefore we’ll 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. We’ll provide an estimate of our fees in advance.
If the results of this 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. Click here for advice on changing your personal injury solicitor.