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Fire Engine Accident Compensation

What happens if I lose my fire engine accident compensation claim under a “no win, no fee” agreement?

Question:

What happens if I lose my fire engine accident compensation claim under a “no win, no fee” agreement?

Answer:

If you lose your fire engine accident compensation claim while using a conditional fee agreement (also known as “no win, no fee”), you will not owe your solicitor any fees. This is a guarantee promised by the “no fee” element of the arrangement. However, even though you will not owe your solicitor’s fee, you may still be presented with a substantial financial risk – that of being liable for the defending party’s legal fees.

This is due to the fact that legally, the losing party is responsible for the winner’s legal fees. As legal fees may be quite expensive, a solicitor representing you will ask that you examine your present insurance policies to see if you are covered against the possible risk of losing your fire engine accident compensation claim. If you do not have a present policy in place which provides coverage of legal expenses, taking out a new insurance policy will usually be recommended. Usually, this policy will be “after the event” insurance – an expense that may be recovered from the other party should you win your claim for fire engine accident compensation.

Prior to making a fire engine accident compensation claim, you should thoroughly discuss the circumstances of the accident that led to your injury with an experienced solicitor to learn whether you have a viable claim which is worth your time to pursue. (A viable claim must both contain the element of negligence on the party of a liable party and a resulting injury for which you are seeking a settlement for fire engine accident compensation.)

Once you have established that your claim for fire engine accident compensation is built on solid grounds, you will still need to have insurance to protect you against the possible risk of losing, but the risk should be minimal as neither you nor a solicitor will want to pursue a weak claim for fire engine accident compensation.