Published 28 Apr 2015
Author: Vrege Kolokossian
There are many situations where you may be entitled to compensation or benefits due to a serious injury or illness that has prevented you from working and cost you money in medical bills.
In fact, your insurance policy or superannuation fund will typically include coverage for a variety of issues, which could provide crucial financial support when unforeseen circumstances arise.
However, not all claims are approved, and some people may be concerned they could be left out of pocket if they hire a legal team to fight an insurance company in court.
This is where a no win, no fee superannuation law firm can really help. No-win, no-fee is a term used to describe a payment structure where the company doesn't ask a client to pay the ongoing costs of pursuing a compensation claim until a verdict has gone in their favour.
Here are several of the key benefits of such a service:
Peace of mind
If you or a loved one have suffered a serious injury or illness, it is already likely to be a stressful time for the family. A superannuation claim often adds to this pressure.
Securing the services of a no-win, no-fee firm can alleviate some of the strain by giving you confidence that you won't be financially burdened if your case is unsuccessful.
Upfront expenses paid
During the course of the claim, the firm will cover any upfront costs that arise, such as barristers' advice, medical reports, court filing fees and analysis from expert witnesses.
These expenses are then paid back, along with the legal firm's fees, once your final settlement is agreed.
Many no-win, no-fee lawyers also provide a free consultation to get a better idea of the merits of your case. This can be done over the phone or, in some cases, via a home or office visit.
There is no obligation to proceed with a claim after your consultation with a no-win, no-fee firm. If you change your mind following a chat with a lawyer, you will not be charged.
Due to the nature of the no win, no fee pay structure, our superannuation lawyers will always give you an honest appraisal of your chances of winning.
If your case is unlikely to result in a favourable outcome, they'll let you know as quickly as possible to prevent any wasted time and effort on both sides.