When you have a personal injury case and file a claim, there are many steps involved before you receive compensation. In some instances, the decisions that are made at various stages of the process can affect whether or not you get paid.
Arbitration is a private process that can be less formal than court proceedings
Arbitration is quicker than going through a trial and appeals process in front of a jury. You may also be able to get your settlement sooner if you agree on an amount with your insurance company in advance rather than waiting until after trial or appeal has been completed (if there are any). Insurance companies are often more eager for people who choose arbitration because they don’t have any additional liability costs associated with doing business with them.
When an arbitrator acts as a judge?
An arbitrator is a neutral third party who acts as a judge and considers the evidence presented by both sides, including witness testimony and expert opinions. The arbitrator makes a decision on the outcome of your case based on what he or she believes to be best for you.
Cases that involve accidents caused by auto negligence, medical malpractice or slip-and-fall incidents go to arbitration
Arbitration is a process that allows parties to resolve their disputes by settling them outside of court. It’s more efficient than litigation because it gives both parties a chance to speak freely and negotiate in private, without having to worry about a judge or jury hearing their case. In arbitration, each party submits written statements explaining what happened and why they believe the other side was at fault. The arbitrator then makes a decision based on those facts as well as the law governing the situation at hand (such as insurance coverage).
Typically, cases that involve accidents caused by auto negligence, medical malpractice or slip-and-fall incidents go to arbitration because there are certain advantages for both sides: For example:
Both parties get an opportunity for input into how much money should be awarded in damages; this can help avoid costly mistakes during settlement negotiations later on down the road when emotions may have cooled off considerably since filing your claim initially!
Arbitration proceedings are private, although any awards or settlements are public record
Arbitration proceedings are private and confidential, but any awards or settlements are public record, as per personal injury lawyer in Okotoks. This is not always in your best interest as an accident victim because insurance companies often pressure injured parties into accepting lower settlements through arbitration proceedings.
If you don’t want to accept the offered settlement offer from your insurance company, then they may try to force arbitration on you by threatening legal action if their demands aren’t met by a certain date (usually within 30 days).
How arbitration works?
Arbitration is less formal than trial: While the two are comparable in many ways, there are some major differences between them. For example, arbitration does not involve a jury or judges; instead, you will be asked questions by an arbitrator who is trained to hear cases like yours and make decisions based on their experience with similar claims.
This means that while arbitration may feel more informal than trial—and some people prefer this feeling of informality—it also means that there will likely be fewer rules guiding your case during proceedings (you won’t have any juries deciding where evidence should go or what information should come into play).