The Defendant Has Insurance
The Defendant has insurance and his or her insurance company is paying for the defense attorney and all litigation expenses.
The Defendant is not going to have to pay the verdict out of his or her own pocket.
The Defendant's insurance company will pay the verdict up to the amount of the Defendant's insurance coverage.
If the verdict exceeds the insurance coverage, then it is possible - but still unlikely - that the Defendant will have to pay some of the verdict out of his or her own pocket. It is unlikely because the insurance company will often pay the entire verdict to avoid being sued by its own insured (Defendant) for failing to settle the case for an amount equal to or less than the insurance coverage. That lawsuit by the insured against his own insurance company is called "Bad Faith Failure to Settle."
If the Plaintiff loses (verdict for the Defendant) then the Plaintiff gets nothing and is responsible for paying his or her own litigation expenses - which, in an average auto collision injury case, will be in the range of $20,000 to $40,000. AND, the Plaintiff will have to pay the litigation expenses of the Defendant - which may also be in the range of $20,000 to $40,000.
Fort Collins Auto Accident Lawyer Mac Hester
