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Claims Management Companies

 

We can provide a merchant account and gateway for claims management companies with our High-Risk Solution Account. These include traffic and work accidents, personal injuries and medical negligence.

Please note however that we can not help PPI reclaim companies or bank charge reclaims.

We firmly believe in fair and responsible management. Therefore we do have two hard and fast rules regarding getting a merchant account.

To consider your application, YOU MUST, without exception, adhere to the following:

  • You can only take payment once the claim has been won i.e. no win, no fee!

  • As stated in section 11 of the Compensation Act 2006, you must be authorised by the CMR

Please click here for pricing and costs for our high risk solution

 

* What is a claims management company?

In England and Wales, a claims management company is a business that offers claims management services to the public. Claims management services consist of advice or services in respect of claims for compensation, restitution, repayment or any other remedy for loss or damage, or in respect of some other obligation. Claims management services cover litigation, or claims under regulation schemes or voluntary arrangements.

* Are claims management companies regulated?

Yes! As of April 2007, an individual or a corporation can not provide claims management services unless authorised by the Claims Management Services Regulator. It is a crime for an unauthorised person to provide claims management services, or to pretend to be authorised, and is punishable by imprisonment.

For more information www.justice.gov.uk/claims-regulation

* What does the regulater do?

The Claims Management Services Regulator was created by section 11 of the Compensation Act 2006 and sets and monitors standards of competence and professional conduct by:

  • Promoting good practice, in particular provision of information about charges and other matters;
  • Promoting practices likely to facilitate competition;
  • Ensuring that arrangements are made for the protection of users, including complaints handling.

 


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