Cycle with Care
Whether you are cycling for leisure, to save on fuel costs, to get fitter or are doing it as a hobby or even as your profession, there is always the chance you may suffer an injury. Of course, if you are new to it or have only recently taken it up again there is the dreaded saddle sore, but this does ease over time.
There are a number of other common injuries that can occur to cyclists; however, they are generally easy to recover from. Good to know that if you are cycling on public roads and suffer an injury due to the poor condition of the road you may be entitled to compensation from the local authority.
Depending on the injury and its severity the amount awarded can vary from the low hundreds to possibly even thousands. If the amount awarded is high, then it is advisable to place it into a personal injury trusts claim account.
There is a cost to setting up a fund, but the benefits far outweigh the costs involved. If for example you are in receipt of any means tested benefits, then the fund enables you to continue receiving these benefits.
Keeps it safe and stops it from being spent all at once, hence giving you a more secure financial future, especially in later years, where health issues may arise and the cost of private nursing or home visits come into effect. Trustees are in charge of managing your money and how it is invested and in the case of a marital break-up the compensation is protected.
There are many solicitors that have the means to be able to assist you with setting up one of these funds, in most cases the solicitor that took the original personal injury claim has the ability to action the trust fund as well.
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