Advantages of Arbitration
When utilizing High-Low method minimal risk is afforded to the insurance carrier. The Judge is unaware of the parameters agreed to by both parties.
Arbitrators are selected according to their experience and expertise.
Arbitrations are held in a courtroom like manner but with less formality.
Arbitrations are conducted within parameters agreed to by both parties. The authority of the Arbitrator is limited by both parties.
Cost effective and time efficient.
The Arbitrator's decision is binding and final.