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KembaraXtra – Legal Terms – No-Fault Compensation
No-fault compensation refers to a compensation system in which injured persons receive financial compensation without needing to prove that another party was legally at fault.
The idea behind such schemes is to provide quicker and more accessible compensation for injuries while reducing the need for lengthy litigation.
The term originated mainly in the United States and Canada, especially in relation to motor vehicle accident insurance schemes.
New Zealand introduced one of the most comprehensive no-fault compensation systems in 1974, replacing many personal injury actions in tort, although the scope of the scheme was later narrowed.
In the United Kingdom, Industrial Injuries Disablement Benefit (IIDB) is an example of a no-fault compensation arrangement.
No-fault compensation refers to a compensation system in which injured persons receive financial compensation without needing to prove that another party was legally at fault.
The idea behind such schemes is to provide quicker and more accessible compensation for injuries while reducing the need for lengthy litigation.
The term originated mainly in the United States and Canada, especially in relation to motor vehicle accident insurance schemes.
New Zealand introduced one of the most comprehensive no-fault compensation systems in 1974, replacing many personal injury actions in tort, although the scope of the scheme was later narrowed.
In the United Kingdom, Industrial Injuries Disablement Benefit (IIDB) is an example of a no-fault compensation arrangement.
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