A claims management company might seem like a good option at first especially if you’ve suffered a more serious personal injury and don’t really feel like going through the process of finding a solicitor yourself. But while they can be helpful there are some downsides and possible risks you should be aware of. This is why we always suggest you research and also consider going with a local injury attorney.
Inexperienced and Underqualified
OK, this isn’t the case with all claims management companies, but it is something you should be aware of. When compared to a solicitor or law firm a claims management company won’t be able to offer the same level of legal advice and assistance.
They can work with solicitors or they can handle your claim on their own, and while both methods have their positives and negatives the end result for you will likely result in less compensation than if you’d just gone to a solicitor in the first place.
Claims management companies also have a negative reputation for simply selling your case on to a solicitor who offers the most money, rather than doing anything to actually assist or help manage your case. So, if you are considering using a claims management company you should ask them about their experience and try to find out how exactly they will assist you first.
They Are To General
Claims management companies don’t just focus on personal injury claims they offer to manage all kinds of legal matters and claims. This might sound useful at first, but it does mean that claims management companies take a more general approach to their work.
This means that they might not be able to provide you with all the help and legal advice you’ll need or simply won’t be able to get you the maximum amount of compensation you deserve. It might be easier to go to a claims management company than to find a solicitor yourself but the time you save could result in less compensation.
They Can Be Expensive
Claims management companies might save you time and effort in the early stages of making a claim but that doesn’t come without a cost. When you’re dealing with a solicitor it’s always advisable to work with one offering a no win no fee deal.
A claims management company will likely do the same thing however that means you’ll have to pay them on top of any solicitor that also works on your case. This will cut into your compensation amount and you could end up losing a lot of your compensation money in order to pay your fees.
If your claims management company doesn’t use a solicitor, then they will likely be wanting you to settle out of court. This means you will likely make less money and won’t get all the compensation you are due, and on top of that, the claims management company will also be taking a cut of your money as well.
If you don’t want to go to court, then this might not be a problem for you but claims management companies can be very expensive and finding out exactly how much commission they will take can be difficult. There can be hidden costs to factor in that aren’t covered by the no win no fee rule as well.
So, Should I Use A Claims Management Company?
If you were to ask a solicitor that question the answer will likely be a resounding no, but I’ll be a little more balanced. I can see the benefits of using a claims management company especially when it comes to personal injury claims, it allows you to take more of a backseat to the process which can be very beneficial for someone who’s suffered an injury.
People usually don’t factor in the time and effort it takes when it comes to claiming compensation so getting a middle man in the shape of a claims management company can seem like a great idea at the time.
However, there are a lot of issues with them, the costs are probably the most serious problem for a lot of people after all the financial impact of personal injury can be very serious, but some claims management companies are also very lax and inexperienced. So, if you do want to use one then make sure you do your research and find out what exactly they can do to help you.