Insurance Law

File a suit without financial risk

FIELD FUNDED

Pursuing a claim against an insurance company requires staying power, both financially and emotionally. Whether the damages suffered concern a person or property, the dispute often resembles a fight between David and Goliath – a fight in which the well-financed insurers commonly prevail.

Litigation funding helps the parties affected to enforce their claims under insurance contracts and supports them in asserting their rights vis-à-vis the insurer.

In the field of insurance law, Omni Bridgeway AG will fund claims arising from following types of insurance:

At a construction site, a mason falls from the building shell; he is severely and permanently injured. His injury means that, from that point in time, he can no longer work; consequently, he requests that his disabAt a construction site, a mason falls from the building shell; he is severely and permanently injured. His injury means that, from that point in time, he can no longer work; consequently, he requests that his disability pension be paid to him. His insurance company, however, refuses payment, citing as its reason that the mason had not reached the degree of occupational disability that would make him eligible for his disability pension. In the context of providing funding for the complaint proceedings, Omni Bridgeway also pays for the medical expert opinion required to determine the degree of occupational disability; together with the lawyer retained for the mandate, Omni Bridgeway effects payment of a monthly disability pension for the client.ility pension be paid to him. His insurance company, however, refuses payment, citing as its reason that the mason had not reached the degree of occupational disability that would make him eligible for his disability pension. In the context of providing funding for the complaint proceedings, Omni Bridgeway also pays for the medical expert opinion required to determine the degree of occupational disability; together with the lawyer retained for the mandate, Omni Bridgeway effects payment of a monthly disability pension for the client.

In the case of a shut-down of operations by the authorities, insurance against the shut-down of operations covers the overhead costs as well as lost profit for the duration of such shut-down. In particular, small businesses and tradespeople working with foodstuff, such as restaurants, hotels, and daycare centers, intend to safeguard their livelihood by taking out this type of insurance. However, if the insurance companies do not comply with their obligation to pay out on the insurance, the affected companies often are unable to compensate for their losses and have to file for bankruptcy. Litigation funding provided by Omni Bridgeway helps the damaged parties to successfully enforce their claims against their insurers by assuming all appurtenant costs.

Shortly before he goes on vacation, a young father of two underage children takes out a term life insurance policy online. The family leaves for their holiday trip before he receives the policy documents. On the trip, the father suffers a fatal accident. Following his death, the insurance company refuses to pay out the contractually agreed death benefit to the children entitled to it, citing as its reason that the father did not provide written confirmation of having received the certificate of insurance. Omni Bridgeway AG’s involvement makes it possible for the family to bring a claim against the insurer and to reach a very good settlement.

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