Tuesday, 29 December 2015

Tips 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.

The quality of a testimony is directly proportional to the strength of the case. Rush decision-making always lead to hiring an economic expert who is not dedicated to his or her work. An intensive recruitment process is a trick that has passed the test of time. There is need to hire a group to conduct research and testify during the hearing of case. The group is cost effective, and mostly handles the case to the end. Ensuring the group does not rely on a specific full-time professional is recommendable.

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.

Performing due diligence on each candidate always leads to a talented professional. The trick is to prepare a list of specialists present within your locality. Excellent recommendations can be sourced from relatives, neighbors and friends, who might enjoyed services of an economic professional. Retired individual or individual working for insurance companies can provide exemplary referrals. Researching from the Internet is also another technique.

Once a list of nominees is compiled, the next step is to narrow it through interviews. It is recommendable to handle a maximum of three experts per sessions to ensure you always remain in control. The communication skills and self-expression ability can depict whether the specialist will integrate to the group in a fast rate. He or she must prove beyond reasonable doubt his or her qualifications.

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.

The court demeanor and professional code of conducts must be understood. Defense terms used in the litigation process are diverse. The economic specialist must have diversified the range of services he or she offers. Avoiding those that testify for only, the plaintiff is recommended. Certification is an indication of knowledge of mastery of economic principles.

The right attitude towards work and achievement should be considered. The candidate must clearly state to the client his or her achievement. Awards, colleague rating, and acknowledgement are some indicators of excellence.




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