Make a Claim / No Win No Fee Compensation
What does no win no fee mean?
“No win, no fee” is a phrase you see a great deal in relation to personal injury compensation claims. But what does it mean?
Conditional Fee Agreement
No win no fee refers to a ‘conditional fee agreement’. This is an agreement that means your solicitor will only be paid if your accident claim is successful.
Whether your claim for personal injury is as a result of a road traffic accident, medical or clinical negligence, an injury at work, maybe you have slipped and fallen and want to claim, or some other type of accident, it could apply to you.
If you win your injury claim, the losing party will have to pay towards your solicitor’s fees on top of your compensation. This type of legal help is your right.
If you lose your accident compensation claim, you won’t have to pay your solicitor but you will be liable for the costs of the successful party. To protect you from these costs, your solicitor may take out insurance on your behalf as part of your compensation agreement.
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After The Event Insurance
This is known as ‘after the event’ insurance. It covers all legal fees as well as additional costs known as disbursements – including court fees and medical reports. There is a premium to pay for this cover but you don’t need to pay this at the outset. If you lose your case, the insurance company pays the premium. If you win, the losing party pays for it.
Further Information Regarding No Win No Fee
To learn more or to start your claim, get in touch with our expert team on 0800 808 9740 or contact us online.