4.29.2016

Guidelines On Economic Damages Expert Testimony

By Carolyn Morris


Insurance policy tend to cover wide range of accidents and incidences ranging from fire, flooding, car accidents, airline crash, theft cases and so forth and so on. Once such events have occurred the insurer must prove they were genuine. The litigation process is a complex and time- consuming activity when the wrong approach is taken. Insurers tend to hire economic expert at the last stages of the case proceeding, which is a wrong move. Lawyers utilize the economic damages expert testimony in settlement negotiation, arbitration, and in court cases defending.

There are host of tips and guidelines that can be followed diligently, and lead to hiring a proficient professional. Depending on financial capability, hiring a group may be cost-efficient than an individual. However, it is vital to ensure the group does not rely on its identifiable experts. It must be willing to handle the case to the end. Research is a vital skill that the group must possess at the fingertips. Once the investigation is completed, well-articulated report presented.

The litigation cases are diverse; hence, the claimant must have clear knowledge of his or her case. This will influence the type of experts handled. They include economic, forensic, and litigation professionals. There is need to confirm the academic qualifications. This can be done through requesting for copies of their degree certificate. Once presence of a seal on the certificate is confirmed, seeking assistance of institution responsible for issuing the certificate can dispel all doubts. The professional must have other training apart from his or her area of specialization.

The best method of ensuring you have top talent is performing due diligence on discrete nominees. The trick is to compile a list of potential candidates by seeking recommendations from relatives, friends, and relatives. The experienced expert working for insurance companies can be a source of exemplary referrals. Google searching the economic professionals available within your locality is a good move. However, there is need to cross-reference with other websites available in the Internet.

Narrowing the list is the trick of remaining with the best candidate. Conducting interviews and strictly retaining the number of nominees handled per session to three is a good move. This enables the interviewer to remain in control of the session. The interview provides an important opportunity of evaluating communication and self-expression abilities. The case preparation team requires an individual who will fit in comfortably. The ability to connect with other participants can also be evaluated.

Experience is a vital requirement. The efforts of an experienced and well-informed professional are likely to be impactful to the case preparation team. The specialist must have knowledge of litigation environment, and case preparation process. Hiring an individual who has an experience in other related field is vital.

Understanding the court demeanor and objectivity is vital. The specialist must understand the defense terms and court proceeding. The specialist should be diverse, and testify for both the complainant and defendant. A relevant board must certify the professional. This serves as a proof of knowledge of all the litigation principles.

Enthusiasm and achievement is a mandatory consideration. An individual who has good attitude towards work is most likely to succeed. Possession of honors, high rating, and recognition are some of measures of excellence.




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