PIAB faster and cheaper than courts

PURSUING compensation claims through the Personal Injuries Assessment Board (PIAB) is four times faster and 70% cheaper than going to court, according to the PIAB.

In addition, compensation paid through the PIAB was at the same level of awards made in court because both systems use the Book of Quantum as a guide to compensation levels for particular injuries, the PIAB has claimed.

A total of 8,200 personal injury claimants benefited from €181 million in PIAB awards last year, a 47% increase on 2006. According to the PIAB, the speed of delivery — more than two years quicker than going to court — and the reduced legal costs resulted in savings of €40 million last year.