What do I risk financially if I launch a personal-injury claim?

Personal injury law is rarely as simple as it is often portrayed in the media and in advertisements. Depending on the litigants and their relationships, a personal injury case can be fraught with peril, both professional and financial. Here are some things to keep in mind when considering legal action for a personal injury.

Employment:

Very often, injuries occur at the workplace. Anything that might put your employer at risk of a settlement, higher insurance premiums or potential cases involving additional plaintiffs is likely to reflect negatively on your employer’s opinion of you. Even though the job site or management might be at fault in an injury case, you must weigh the possible loss of income and damage to your future employability if you pursue a case that leads to financial exposure of your employer.

Insurance Companies:

Most people with adequate financial advice will have likely already protected themselves with both medical and liability insurance before they are injured. However, insurance isn’t always a panacea. Making a claim will almost always lead to higher premiums and the possibility of a long, drawn-out dispute with the insurer over policy details, settlement amounts and various other entanglements. While insurance is rarely as significant  financial issue as a job, it still pays to evaluate the overall costs of a claim or even potential litigation against an insurer against the actual costs of the personal injury itself.

Professional Counsel:

Many attorneys will take personal injury claims on a contingency basis, meaning there will be little, if any, out of pocket expense for you. However, filing a case against a defendant that is ready to defend and/or disappear on you can result in legal fees that someone will have to pay. All that said, hiring competent and experienced legal counsel is the first step towards reducing your risks.  If you were involved in a Personal Injury Accident in San Diego, contact a firms like the Mova Law Group.

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