If you are considering making a bike accident compensation claim, then a No Win No Fee agreement allows your bicycle accident solicitor to recover his or her costs from the other side, so you don’t have to pay out to make a claim. At My Cycling Claim we understand that you might still have a few questions about No Win No Fee and what it means for your bike injury compensation claim. To answer your questions we have put together a quick guide to No Win No Fee claims.
Bike claims under a No Win No Fee agreement
No Win No Fee is the name given to a particular way of funding a bicycle compensation claim. These agreements are referred to as Conditional Fee Agreements by bicycle accident solicitors and they were introduced as part of a series of legal reforms by the government back in 1995. No Win No Fee was brought in to help make the legal process more accessible to people with valid claims that might not be able to afford the legal costs to make a claim.
Conditional Fee Agreements have been very successful in helping legitimate claimants to make claims for the compensation they deserve from those responsible for causing their accidents. No Win No Fee has replaced legal aid for nearly all compensation claims, including bicycle accident compensation claims. No Win No Fee agreements are now the main way that injury compensation claims brought by cyclists are funded in England and Wales.
Using a No Win No Fee Agreement provides you with protection in the event that your cycling accident compensation claim is not successful. If that happens, you will not have to pay My Cycling Claim a penny for our service. What you might not realise is that if your claim is a success you won’t have to pay any fees to your bicycle accident solicitor then either. A No Win No Fee claim allows your solicitor to recover their fees separately from those responsible for causing your bicycle accident.
