Rise in personal injury claims during recession
The current financial crisis has led to a large increase in the number of compensation claims being lodged in the UK.
Road accidents and public liability claims have soared in recent months, as a result of damage to roads caused by the winter’s cold weather. The public themselves have not been helping the situation either, as many people are avoiding servicing their cars in an effort to save money, or in fear that they will be hit with expensive repair and maintenance costs. This has also contributed to the rise in accidents, due to more cars on the road which could be considered as not roadworthy.
There has also been a sharp rise in the number of work accident claims in the country. According to recent research, firms are putting less importance on health and safety regulations, possibly in an attempt to cut costs. However this could work against them if an accident does occur and a compensation claim is made.