How ICBC’s Role Affects The Nature of Its First Offer
The government of British Columbia has charged ICBC with protecting all the parties involved in an on-road accident. The fact that it must protect all parties affects the size of ICBC’s initial offer to a plaintiff.
Factors that work to affect that size
The initial offer gets made during the earliest stages of the negotiations. Hence, its presentation limits that plaintiff’s chances for noting the presence of any new symptoms. In that way, it works to protect the interests of the opposing party.
The offer is not a demand. It gets made with the intention of listening to a response. Acknowledgement of the response demonstrates ICBC’s readiness to work with both parties. If there is no response, the offer remains low. Like any organization, ICBC pays attention to the bottom line of its accountant’s book. That bottom line could get written in red ink, if all claims get settled by paying a large sum of money to the claimant. For that reason, this particular organization strives to cut its expenses. A large payment represents a huge expense.
Some of the injured victims are extremely worried about their finances. In their minds, an early offer helps to solve their biggest problem, even though it prevents introduction of new evidence. As stated earlier, one of ICBC’s roles calls for working to help all the victims of an accident. Some feel like the available assistance, which comes early in the negotiating process, satisfies their need, even though it is rather small.
The first offer has been based on the paperwork submitted by the claimant. That paperwork contains a limited amount of information. In that respect, it has not resulted from a good assessment of the worth of the victim’s injury unless an injury lawyer in Vancouver prepared the documents for submission.
Although it has not been based on a thorough assessment, the initial offer does save members of ICBC’s staff from carrying out extra work. In other words, it saves the organization money. On the other hand, it also calls for the presentation of a low offer.
The process used in British Columbia reflects the true nature of the situation
No one driver can feel sure that he or she will be the plaintiff, following every accident. The time could come when any one of them might take on the role of a defendant. British Columbia’s government has designed a system that is supposed to offer support to both plaintiffs and defendants.
Indeed, because it is low, the initial offer does support the defendants. At the same time, an early compensation package manages to ease the fears of certain plaintiffs. In that way, it serves as an excellent example of the way that the government seeks to support all parties.