What Are Interim Payments?

Summary

If you’re thinking about seeking compensation for a personal injury, you might have heard about “interim payments” but not been sure what it means. In this article, we’ll help you understand what interim payments are, how you can get them in the course of a personal injury claim, and how they may be able to make things a bit easier for you financially during your claim. An interim payment is a sum of money given upfront to someone making a personal injury claim to cover urgent needs while waiting for a final decision. Interim payments are taken from the total compensation amount the claimant will eventually get for their claim. These payments are more common in complicated cases involving significant damages, like severe injuries or medical negligence, where the outcome is still uncertain. An interim payment is intended to help the claimant with immediate needs while the case is ongoing. This could include things like medical treatment, care, lost earnings, or any necessary adaptations required for daily living. In some cases, it can take a long time - sometimes years - for a case to be settled. Interim payments offer financial support, making sure the claimant can cover important.

Key information

• The defendant has admitted they’re responsible for paying damages;
• The claimant has secured a judgment against the defendant, and the extent of the damage is yet to be determined;
• The court is convinced that, if the case were to go to trial, the claimant would likely win a significant amount of money from the defendant;
• In the case of multiple defendants, the court is satisfied that the claimant would likely win a significant amount against at least one of them, even if it’s unclear which one. (Note: This is applicable as long as all defendants are insured or represented by a public body).
• The overall sum of the interim payment;
• The amount allocated to each instalment;
• The total number of instalments and the specific date on which each instalment is due:
• To whom each instalment payment should be made.
• If you’re thinking about seeking compensation for a personal injury, you might have heard about “interim payments” but not been sure what it means.
• In this article, we’ll help you understand what interim payments are, how you can get them in the course of a personal injury claim, and how they may be able to make things a bit easier for you financially during your claim.
• An interim payment is a sum of money given upfront to someone making a personal injury claim to cover urgent needs while waiting for a final decision.
• Interim payments are taken from the total compensation amount the claimant will eventually get for their claim. These payments are more common in complicated cases involving significant damages, like severe injuries or medical negligence, where the outcome is still uncertain.

Practical guidance

• Source: What Are Interim Payments?

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