By: evelyn | Date: 2020-09-07
Have you been in an accident where the fault was not yours but resulted in a whiplash injury? If yes, there is one reason not to lose hope. You are rightfully eligible to get a whiplash injury compensation. But getting a whiplash injury claim is not easy. You need to hire injury claim specialists who can get your whiplash injury compensation on your behalf. However, people do not tend towards hiring injury claim specialists thinking they are expensive.
Yet, this is not the case. A lot of claims management companies are offering compensation services on a No Win No Fee principle. These are the types of accident claim services UK citizens prefer to get. It means you do not have to pay any upfront charges and anything in advance to hire the experts. The popularity of a No Win No Fee is getting increased in Scotland and England with each passing day. So let us take a deeper look at what this service really is and how can you be eligible for it.
No Win No Fee service basically means to provide injury claims management on a contingency basis. It means that the risk of the case is on the claims management company. You do not have to bear any risk of the claim. So in a case where your claim specialist fails to get money on your behalf, you will not be liable to pay any fee to your representative. You will only be liable to pay a certain percentage of money from your whiplash injury compensation when you get your amount of claim in your bank account.
If you are not getting the services on a No Win No Fee compensation, you may have to bear a lot of expenses when making your claim. The upfront charges, advance cash of your claims management company and the risk of the case is on you. But having the opportunity of services on a contingency basis can save you from all of these problems.
No Win No Fee works on a simple process that is understood by its name: No fee should be paid to the specialist if you do not win your case. You hire a claims management company on your behalf. If you win your case and get your claim, you will have to pay the predetermined fee to your claims management company out of what you got as compensation.
There is proper documentation and an agreement between you and the company you hire. There is a document known as the Conditional Fee Agreement (CFA) in the agreement. It highlights all the essentials of the agreement. It highlights everything starting from your and the company’s liabilities to the percentage of winning compensation the company will keep as its fee.
Different companies have different policies, so it is better to thoroughly go through the document before signing it. It is because the document holds the legal value and can be used in the court if any party violates the terms and conditions mentioned in it.
By law, the companies are allowed to set the percentage of whiplash injury compensation they will charge from their clients. So there is no strict rule for it. But typically, the claims management companies charge 25% share out of the total amount of whiplash injury compensation their client receives.
For instance, you were making a whiplash injury claim. After going through the procedure, you could make £40,000 from your claim. In this case, you will be keeping £30,000 with yourself while giving the £10,000 to your claims management company. Yet, it is always a good practice to check the terms and conditions of the CFA to avoid any future complications.
This is something a lot of people are confused about. There is not a criterion that you need to meet for being eligible for whiplash injury claims on a contingency basis. If you have been in an accident, you have to get connected to a claims management company. They will review your case and if they see the potential in your case, they will handle it on a contingency basis.
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