Insurance Companies Have Many Ways to Minimize Payouts
Every day innocent people here in Tennessee and across the country are injured through no fault of their own. And every day insurance companies give their all to avoid having to pay legitimate claims to those victims. Using a variety of tricks, they attempt to limit the amount of money they have to pay to those who are entitled to it.
No one is under the illusion that insurance companies are in the business of anything other than making a profit. One of the ways the insurance industry attempts to maximize their profits is by shifting the blame off their client.https://www.thehigginsfirm.com/lawyer-attorney.html No blame means no payout. If that is not possible then they will try and minimize the level of fault in order to minimize the loss. This is called “comparative negligence” and is the criteria used by Tennessee law. Under comparative negligence more than one person can be at fault in a situation. The one with the higher burden of fault has the higher burden of penalty put on him. If it can be shown that their client was only 40% to blame then they only have to pay 40% of the penalty.
This split is relatively easy to differentiate when there is straight and easily calculated figures to work with. Things like lost wages, damaged property, and medical bills are concrete numbers that are hard to dispute. Where things get murky is when abstract ideas like pain and suffering or emotional distress. This makes the insurance companies work even harder to keep their payout at a minimum.
All of this legal wrangling is easy for the insurance companies. They have countless numbers of lawyers on staff whose sole function is to do just this: keep the company’s losses as low as possible. They have the resources to fight and battle and prolong a situation until the victim is bewildered and desperate. That’s why it’s vitally important to have a good lawyer in your corner fighting for your rights.
I know the tricks they will try and pull. I used to work for the insurance industry. But now I work for you. If you have been injured and feel you have no where to turn, please give us a call t 800-705-2121or send an email. Under no circumstance should you sign anything from and insurance company until you’ve spoken to a lawyer and know your rights.
Author Bio
Jim Higgins, founder of the Higgins Firm, is a seasoned personal injury attorney with deep roots in Nashville, Tennessee. A 4th generation Nashvillian, Jim carries on the legal legacy of his father, a judge for over 30 years. After graduating from the University of Memphis School of Law, Jim’s career began on the other side of the courtroom, defending insurance companies and learning their tactics for minimizing settlements. However, he soon realized his true calling was fighting for the rights of the injured, and for the past several years, he has exclusively represented plaintiffs in personal injury cases.
Since then, his dedication and skill have earned him membership in the prestigious Million Dollar Advocates Forum, an organization limited to attorneys who have secured million and multi-million dollar verdicts and settlements for their clients. Licensed to practice in Tennessee, Kentucky, and Georgia, Jim focuses on personal injury, product liability, medical malpractice, and workers’ compensation cases. His exceptional work has been recognized by his peers, earning him a spot on the Super Lawyers list from 2021 to 2024, a distinction awarded to only a select group of accomplished attorneys in each state.
