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Cost:
One of the largest reasons parties choose to resolve their disputes
outside of the courts is cost. Alternative dispute resolution usually
costs much less than litigation, allowing smaller financial disputes
a financially viable way to be settled.
Speed:
ADR can be scheduled by the parties and the panelist as soon as
they are able to meet. Compared to the court process, where waits
of 2-3 years are normal, dispute resolution is as fast as the parties
want it to be.
Control:
The parties control some of the process; selecting what method of
ADR they want to follow, selecting the panelist for their dispute
resolution; the length of the process; and, in a mediations case,
even the outcome. Opposed to the court system, where the legal system
and the judge control every aspect, ADR is much more flexible.
Confidentiality:
Disputes resolved in court are public and any judgments awarded
are also public. Mediation, arbitration, and mini trials are all
conducted in private and in strict confidentiality.
Experienced Neutral Panelists:
Our panelists are professional mediators and arbitrators with training
and expertise in dispute resolution and insurance. Disputing parties
are able to select their panelist from a list of qualified individuals
who are specialized in specific aspects of insurance. In the court
system, binding decisions are made by judges who may lack expertise
in insurance practices.
Cooperative Approach:
All ADR services take place in a more informal, less confrontational
atmosphere. This is more conducive to maintaining a positive business
relationship between the two parties. With mediation, specifically,
the result is a collaboration between the two parties.
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