pre-settlement funding in Arkansas include topics of the benefits of pre-settlement funding, comparative negligence, insurance limits for personal injury and auto accidents and who the some of the top attorneys in the state
might be
Pre-Settlement Funding in Arkansas
Pre-settlement funding can provide financial relief to plaintiffs awaiting resolution of their personal injury claim in Arkansas. In Arkansas, pre-settlement funding has been allowed since 2001, when the state entered into an agreement with a third-party pre-settlement funding company. When people have been injured in an accident that resulted from another person’s negligence or wrongful conduct, they may be able to receive compensation for any medical expenses, damages, lost wages or other losses that may have incurred. Pre-settlement funding can provide plaintiffs with the funds they need to help them cope with medical bills, lost wages or other expenses associated with their injury.
Comparative Negligence
Arkansas follows a modified comparative negligence system. This means that an injured person may still be awarded compensation for their injuries, even if they were partly at fault. In Arkansas, the court must determine the percentage of fault that each party was responsible for before any settlements are reached. If the injured party is found to be more than 50 percent at fault, the lawsuit is dismissed, and the plaintiff cannot be awarded any damages. However, if the injured person is found to be less than 50 percent at fault, then they may still be eligible for compensation but the amount awarded will be adjusted based on their relative degree of fault.
Insurance Limits for Personal Injury and Auto Accidents
Arkansas requires that all drivers be covered by auto liability insurance in order to drive legally. The minimum required limits are $25,000 in bodily injury liability coverage per person, $50,000 in total bodily injury liability per accident, and $25,000 in property damage liability per accident. These limits may be higher, depending on the requirements of the insurance company.
In the case of personal injury, the amount of coverage that is available depends on the type of injury sustained, the severity of it, and other factors. In most cases, insurers cap the amount of compensation available and the injured party cannot receive more than that.
Top Attorneys in Arkansas
When it comes to personal injury cases, Arkansas is home to several top attorneys who specialize in this area of the law. The attorneys at McDaniel Law Firm in Little Rock are known for their expertise in accident and injury cases. Tom A. McDaniel, Jr. and Darl Caudill have received multiple awards for their litigation practices. They are renowned for the quality of their legal representation and their commitment to superior customer service.
Matthew T. Bernard is a renowned trial attorney who has achieved impressive results for his clients in Arkansas. He has extensive experience in legal matters involving medical negligence, products liability, premises liability, employment discrimination, and other personal injury matters. He is well known for his tenacity and dedication to seeking justice for his clients.
Tere Bailey of Little Rock is another prominent name in Arkansas personal injury law. She has been recognized as one of the best attorneys in the state. She has extensive experience in handling claims related to medical malpractice, auto accidents, workers’ compensation, premises liability, and more. She is known for her compassionate representation of her clients and her ability to obtain favorable results.
Conclusion
Individuals who are seeking compensation for injuries sustained in an accident or resulting from another party’s negligence may be able to obtain pre-settlement funding in Arkansas. These funds can provide much-needed financial relief as the claim is being processed. Arkansas follows a modified comparative negligence system, and the amount of damages awarded may be adjusted based on the relative degree of fault of each party. The state requires all drivers to maintain auto liability insurance coverage with certain minimum limits. The state also has several top attorneys specializing in personal injury cases who have earned multiple awards for their work.
