All About No Win No Fee Deals
How do no win no fee accident claims work?
No win no fee accident claims for personal injury matters sound too good to be true.With some firms they are. The truth about this is that there is a wide variety of fee deals around in the marketplace.
This guide will then explain all the details on how they work, and how at 100% Compensation we have created a system that is purely honest, completely fair, safe and most especially risk free to all our clients.
The default position
In the current English law, it stated that the losing party will pay everything for the winner’s cost. When you sue someone unsuccessfully, you at the end will be held responsible for paying all the legal fees in addition to your own. Those bills will could run to tens of thousands of pounds.
Why were no win no fee accident claim deals introduced?
Before no win no fee deals were commonplace, the “loser pays” principle was, quite simply, putting people off litigation. People who deserved compensation were discouraged from making a claim, because they were afraid of the consequences of losing. It was decided that this fear prevented such people getting access to justice. Something had to be done.
No win no fee accident claim means that a firm of lawyers can take on a case on the proviso that they will not charge fees unless they win. And if they win, their own client does not have to pay their bill – the person who injured them does.
However, this is only half the story. Unless you choose a firm that assumes the risk of the other party’s fees like 100% Compensation, you still risk being held liable for the other party’s costs if your claim fails. So how do people deal with this situation?
Insurance policies
Some firms insist that you take out an insurance policy to cover the potential liability for the other person’s costs, before they will take on your no win no fee accident claim. If you cannot afford the premium, they will offer you a loan at a very high interest rate. Not such a great deal!
At 100% Compensation, we buy this insurance policy and do not ask our clients to reimburse us.~ This is consistent with our policy of never asking our clients to pay for anything. So you can rest assured that we only take on cases believe are winnable.
Success fees
Success fees are an element of no win no fee accident claims that come as a shock to claimants who use other firms. Hidden in the small print of their fee agreements, it can come as a surprise to learn that your own lawyer has sliced off a chunk of your compensation and awarded himself a bonus from it. Yet that is essentially what success fees are.
100% Compensation do not charge them. We don’t think they are fair. If we win your claim our fees are covered by the other party. And if we don’t, you walk away without paying anything.
That’s how a no win no fee accident claim should be.
Description: Not all no win no fee accident claims are created equal. Not all no win no fee accident claims are equal most of the time. Not all no win no fee accident claims are made just typically equal. Not all no win no fee accident claims are numerously equal.Read the fee agreement carefully to make sure that you understand the implications of what you are signing up to. To make sure you will get what you really deserve, read the fee agreement before anything else and make sure you understand everything about it.~ If you are about to sign up for something, make sure you clearly understand what is stated on the fee agreement. Understanding clearly what is stated on the fee agreement is essential before signing up. The next thing you need to do is to call us at 100% Compensation to experience what our honest no win no fee deals are.
Resource Box: Do you want to make a no win no fee accident claim? Call our claim assessment telephone helpline today to find out more. If you are about to make a now win no fee claim, call our claim assessment telephone helpline immediately for further details. Want to create a no win no fee accident claim? Drop us a call to get more details. If you have decided to create a no win no fee accident claim then call our claim assessment helpline to get more details.
