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Elevator Liability Insurance

Chances are that if you want to file a personal injury lawsuit, you won’t be filing this against a person. Most elevator owners and people who work on elevators have elevator liability insurance in case an accident occurs. Here, I will discuss elevator liability insurance and how it might affect your case.

What is Elevator Liability Insurance?

Elevator insurance is very similar to car insurance. One of the purposes of car insurance is to protect people from paying for injuries out-of-pocket. You pay a premium to the insurance company, and in the event of an accident, the insurance company pays for damages on your behalf.

Elevator liability insurance works in a similar way. Elevator owners pay a premium in order to be insured. If they are found liable for an accident that caused injury, the insurance company will get involved. If you are the victim in this situation, you will likely sue the person responsible, but you will deal with their insurance company throughout the process.

If the Defendant Has Insurance

If the defendant in your case has elevator insurance, you will likely deal with the insurance company throughout the lawsuit. This might mean dealing with the insurance company’s lawyers, insurance adjusters, and more. You might be deposed by the insurance company’s lawyers. These lawyers also might be the ones to conduct discovery, offer a settlement offer or defend the defendant during a trial. If compensation is owed, the insurance company will also be responsible for paying the money.

If the Defendant Doesn’t Have Insurance

If you sue someone and they do not have insurance, this means that they are responsible for paying the compensation determined by your lawyers or the court. This can obviously be difficult for one person to cover, but that is the risk they run by not having insurance.

Getting Payment

Compensation can be made in a few different ways. The first option is payment in a lump sum. This means that you will get the money all at once. Alternatively, payments can be made over a period of time. Determining how compensation will be paid is something that you can discuss with the other party.

If you agree on a settlement, or a court orders a certain amount of compensation, you should get it. If the other party starts missing payments or is not getting you the money that you deserve, you should contact an attorney. An attorney can notify the court, and either the defendant or the insurance company will be notified. If they continue to avoid payments, the court can take action against them.