Individuals seek to obtain lawsuit loans for a variety of reasons on which their claims may be based. Most of these claims involved general liability claims, viz., claims amongst individuals involving no overt commercial enterprise, the furtherance of which was involved in the claimant's harm.
It is the furtherance of a commercial interest (e.g., Business X) out of which a commercial litigation claim arises. An example of this would be a Dominoe's Pizza courier who, while in the course of a delivery for Dominoe's, collides with another vehicle.
If the driver of the vehicle with which the driver for the medical clinic collides pursues a claim, that driver may file a claim against the medical clinic and the driver for the medical clinic. The claim filed against the medical clinic would be a commercial liability claim filed by a third-party. The claim filed against the medical clinic's driver would be a general liability claim filed by a third-party.
The reference to the third-party simply clarifies that the insurance carrier against which the claim is filed represents the party causing the harm, not the party suffering the harm.
Attorneys and lawsuit loan lenders quickly turn their attention to a claimant filing a commercial litigation claim. To what is the attention to be attributed? Policy limits for a general liability claim often range from $30,000.00 - $50,000.00 (although many are much lower), but policy limits for commercial liability claims are often hundreds of thousands, if not millions, of dollars.
There are numerous factors to which this difference may be attributed (e.g., time-limits for delivery, etc.). The fact that these claims frequently settle for much higher amounts than general liability claims, however, is indisputable. More importantly, services required to address harm arising there-from are typically much more easily obtained.
Prepare yourself by retaining a good attorney for such a claim. In many instances, insurance carriers retain law firms, paying millions of dollars annually, to vigorously oppose paying such claims. - 29904
It is the furtherance of a commercial interest (e.g., Business X) out of which a commercial litigation claim arises. An example of this would be a Dominoe's Pizza courier who, while in the course of a delivery for Dominoe's, collides with another vehicle.
If the driver of the vehicle with which the driver for the medical clinic collides pursues a claim, that driver may file a claim against the medical clinic and the driver for the medical clinic. The claim filed against the medical clinic would be a commercial liability claim filed by a third-party. The claim filed against the medical clinic's driver would be a general liability claim filed by a third-party.
The reference to the third-party simply clarifies that the insurance carrier against which the claim is filed represents the party causing the harm, not the party suffering the harm.
Attorneys and lawsuit loan lenders quickly turn their attention to a claimant filing a commercial litigation claim. To what is the attention to be attributed? Policy limits for a general liability claim often range from $30,000.00 - $50,000.00 (although many are much lower), but policy limits for commercial liability claims are often hundreds of thousands, if not millions, of dollars.
There are numerous factors to which this difference may be attributed (e.g., time-limits for delivery, etc.). The fact that these claims frequently settle for much higher amounts than general liability claims, however, is indisputable. More importantly, services required to address harm arising there-from are typically much more easily obtained.
Prepare yourself by retaining a good attorney for such a claim. In many instances, insurance carriers retain law firms, paying millions of dollars annually, to vigorously oppose paying such claims. - 29904
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