What is a fair compensation settlement amount?

2 questions have been answered below, why not ask your own?

Claimants who embark on the process of making a claim for personal injury compensation are motivated to do so for many reasons. One of the things that makes Direct2Compensation so special in the process of people claiming injury compensation is that we can help people claim injury compensation with out needing to ask for any money.

Being able to help people who are claiming injury compensation overcome the common problems that face people after an accident, such as coping with a loss of income and even recover more quickly, by helping injury compensation claimants receive specialist care and injury rehabilitation treatments at an early stage is what drives us to provide the service we do. Whether it is in the hope that it will aid their recovery, or because they are struggling to cope with a loss of wages and cannot work, injury compensation claimants put their trust in the no win no fee claims process to ensure the amount that they receive is fair and the maximum possible given the specifics of their claim.

One of the most common questions that injury compensation claimants want answered is; ‘How much is my claim worth’?  It’s an understandable question for an injury compensation claimant making a no win no fee claim after an accident.  Whilst we can give ball park estimates to the question of how much compensation someone may get, we would never give a cast iron promise on claim value as it is not until the claim is really up and running that a value can be estimated, once medical evidence has been reviewed and a specialist medical assessment report has been obtained.  There are many different factors that help provide the valuation of an injury claim settlement and each claimant’s situation and injury will differ slightly from others.  Whilst we can’t give exact claim values at the outset, we can help to explain the different things that are considered when the amount of compensation you may get for your injury compensation settlement.  So how can you be sure that when it comes to accepting an offer, the amount you are being offered is fair?

Solicitors are motivated to get the maximum possible for you

One thing is for certain, compliant claims management companies like Direct2Compensation and the specialist personal injury solicitors that we work with, are motivated to ensure that all claimants receive the maximum settlement value possible.  Why? When it comes to settling a personal injury compensation claim, solicitors then receive their payment.  Part of this – if they are successful with a claim – is based on a percentage value of the settlement that their client receives – the more their client gets, the more they get. Therefore, when your solicitor comes to you with details of an offer of a settlement from the 3rd party, they will advise you as to whether they think it is too low, reasonable, may be increased, or whether you should accept it immediately as it is a very good award.

Your solicitor will use your medical records and an expert medical report to liaise with a barrister in order to form a valuation of your claim for personal injury compensation.  There are a number of things that make up a personal injury compensation settlementamount, including special damages and costs associated with your injuries.

It is vital that you make sure that your solicitor is fully aware of all the costs and expenses that you have incurred as a result of the accident that has lead to your pursuit of personal injury compensation.  One of the things you should expect from your solicitor is to ask you for a comprehensive description of your costs and losses.

Accepting or declining a personal injury compensation settlement offer

When it comes to deciding whether to accept or decline an offer of compensation, the decision always rests with the client.  However, it is important that you listen to the advice of your solicitor.  It could be that the offer is lower than you had hoped or wanted, but that your solicitor is telling you that it is fair and that you are unlikely to receive a higher offer if you reject it.  It can also be possible that if you did reject an offer and the 3rd party decided against increasing it that you would be forced to take the matter to court for  a trial hearing to decide the value of settlement that you should get.  You must be aware that a judge could decide that you could decide that the settlement should be lower than the one you had previously rejected.  Remember that your solicitor is obliged to hold your best interests at heart and that they have a legal requirement to represent your best interests at all times – this would include advising on whether a settlement value is fair and should be accepted.  Claimants are always free to choose what course of action and seek a 2nd opinion on their injury compensation claim.  However, under the terms of a no win no fee injury compensation agreement, any claimant who chooses to ignore the advice of their specialist solicitor may be forced to fund the costs of the legal action from that point.

If you are interested in making a claim or know someone who may wish to investigate the prospects of claiming, contact us.  At Direct2Compensation we know your rights, we understand issues surrounding liability and can help to ensure that you get the justice that you deserve.

2 questions have been answered below, why not ask your own?

Leave a question

Please note we can only deal with claims within the UK legal system. Your question will appear once approved and we'll answer it as soon as we can. Your email address will not be published, your name will, so feel free just to use a first name.

Questions & Answers

  1. steve

    Hello Mr Morris, i’m claiming against Allianz ins for an accident .. so far so good …but now a company have asked for my PL accounts, Tax return, sales invoices, business expense records plus bank statements 2016-2017 and aug 2017 to jan 24 2018! on behalf of Allianz claims …
    un-real amount of my personal private financial information. when my total claim for loss of earnings is only £5,200 for 6th nov to 22 nov 2017.

    • Ian Morris

      Insurers are known for making sure that they do not pay a penny more in compensation settlement than they can and in your case, it sounds as if the insurers are simply trying to confirm whether or not your claim for loss of income is reasonable and fair. To do this, they will wish to compare your alleged loss of income for the period of your claim with your average earnings over a previous period of time. This is reasonable enough to ensure that people don’t attempt to over claim or exaggerate any claimed loss of income.

      With this in mind, them asking for details of your accounts is likely reasonable and doesn’t seem to be unfair, although it does seem like quite a lot of information being asked for.

      You should have nothing to hide by disclosing the requested information to them in confidence as they cannot disclose it to any 3rd parties. If your previous tax return, statements and invoices do not match the period for which you are claiming, because you are now earning more or had missed out on a particularly profitable period of work, you should be able to provide other supporting evidence such as agreed quotes, or contracts of work showing an agreed period of work that you would have received income for, but missed out on because of your injuries.

Direct2Compensation Personal Injury Claims

Speak with a claims expert

We're happy to answer any questions you might have, or let you know if you are eligible to claim. Just fill out the form below. You can also call us on 01225 430285.