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Personal injury claim interest?

3 replies

Twix42 · 01/03/2024 12:13

Hi grateful for any info/advice/experience... Is anyone that can explain claim settlements? . I am awaiting settlement of a personal injury claim from my employers. Its taken almost 3 years to settle.
Should the final payout include bank of england interest? If so, is it calculated from when I had the accident? Like compound interest?
My union are paying my legals, so not expecting any deductions. But trying to understand if I will just get the agreed compensation figure.

I know nothing about these things.
Thanks for reading and any explaining! 😀

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TooManyCheesecakeCalories · 01/03/2024 12:19

Not ime, unless things have changed drastically in a couple of years.
The figure for injury was offered & the choice was to accept it or not.

ComtesseDeSpair · 01/03/2024 12:47

The award of interest is at the court’s discretion. It would usually be ordered if, for example, the court found that the defendant’s conduct was unacceptable or that they deliberately stalled proceedings / consistently failed to comply with requests etc rather than simply because it took a long time to establish fault and reach settlement - which is entirely normal with personal injury claims.

Twix42 · 01/03/2024 17:40

Thanks that's helpful ☺️

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