Risk taking is part of everyday life. Whether it’s crossing the road or betting on the horses, we find elements of risk in everything we do. Of course, we calculate how those risks can affect us, and weigh up the pros and cons of taking the risk before we do. Some things are such low risk we don’t even think about them. Eating an apple could pose a risk of choking or indigestion. But it’s quite unlikely, and a bout of indigestion wouldn’t be too devastating.
Insurance companies work by calculating the risks of certain events happening. Most of it is done in a set way like a ‘one size fits all’ process. Of course, no two people are the same, so once in a while they get it wrong and face a massive payout. That said, it is not often you hear about insurance companies going belly up! For us, we take the insurance policy to make sure we are covered, and that payouts are available to help us out financially.
This image from Flickr
Sadly, there are times when we are the victim of an accident whereby we have no insurance to cover us. The person responsible may not have broken any laws, but the whole event has left us unable to earn enough to live on. When this happens, you need to find a compensation lawyer to help you determine if you can claim from the person responsible. It may be that they have an insurance policy to cover them in the event of them being liable in this case. This makes it easier for you to make a claim. If they are not insured, you will need legal expertise to make sure you are properly compensated for all of your losses and injuries.
Accidents do happen, and they often lack any malicious intent. If it wasn’t your fault and you have been hurt enough to need medical attention and time off work, then you should seek help to claim compensation. Finding enough money to live on in the meantime can be challenging. Try to have savings in your bank account, or an insurance policy to cover you should you need more time off work than your employer can pay you for. Always keep evidence of injuries and how they affect you, and keep copies of all doctor records.
When something like this does happen, don’t sit back and wait for a legal team to swoop in. If you have not made an effort to get back to full health, this can actually go against you and does your emotional well-being no good. Compensation claims can be very long-winded and take a toll on you mentally. Sitting around waiting for this process to conclude will waste your life away, and is unlikely to support your claim. Instead, check in regularly with your legal representatives and give them medically backed updates on your progress. Take your time to get well again and use whatever resources are offered to you, even if you feel they are not helping at first.