Can I get an interim compensation payment?
Suffering a personal injury can be incredibly difficult and have severe emotional implications. When the injury impacts on your earning potential and financial security, the results can be devastating. With that in mind, it may be possible to secure interim payments to cover financial difficulties associated with your accident. An interim payment is a partial payment of compensation that is made before a personal injury claim has been finalised.
Any interim payments that are made to you are taken from the final compensation award and so in order to be awarded partial early settlements, you must be able to demonstrate that the defendant is likely to be found liable. This can normally be done by your solicitor liaising with your defendant’s legal team without the need for a court hearing, and the defendant may well pay an interim payment voluntarily.
Interim payments serve to help claimant’s progress through their claim without financial implications and as such, the amount that they receive will depend on upon their overall case size and their present needs. The interim payment will not exceed what is reasonably expected to be the final settlement figure for compensation.
Claimants are not obliged to explain why they need an interim compensation payment. However, if an early payment is needed to help fund treatment or support during periods of work absence, it is more likely that an advanced interim payment will be deemed a necessity and acceptable option.
Interim payments of compensation may affect a claimant’s state benefit entitlement, and so this should be considered prior to application. As with all aspects of your personal injury claim, your solicitor will be able to provide you with help and advice on the best options that are available to you.