Business and Law

The accident claims industry is worth£6 billion every single year in the United Kingdom alone. The press ridicules and fumes at the industry, dubbing those who run it “ambulance chasers.” But is the accident claims industry valid and ethically acceptable?

There is no denying that the stories of obese individual in the USA suing fast food chains for their weight problems (or attempting to) are shocking. And those who seek to blame someone and claim a hefty financial sum every single time they trip over their own feet are lacking in any decency. There are people who will try to manipulate the system and to make financial gain of a situation that is not what they claim it to be. But surely this is a fault of those amoral individuals, rather than of the industry as a whole?

The accident claims industry serves a valid purpose. Take asbestos illness sufferers, for example, those who find out they are terminally ill as a result of being exposed to asbestos in a job they did. These people and their families have a right to compensation to assist with the associated costs of their health problems. The accident claims industry ensures they have the ability to claim that compensation. It’s the same for those who have serious injuries in a shop because someone has carelessly left stock all over the floor, or the people injured in car accidents caused by somebody else’s negligence. Surely these people have a right to be compensated for their injuries, subsequent loss of earnings or any other costs incurred as a result?

Like any industry, the accident claims one is open to abuse and perhaps if the cynics spent more time suggesting ways in which the guidelines could be toughened to prevent such abuse, the whole system would be much more effective and efficient.

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