Benefits
Benefits from using the Knecht Medical Arbitration Agreement include the following:
- Eliminates trial by jury.
- Eliminates jury deciding medical issues and damages.
- Eliminates multi-million dollar jury verdicts for pain and suffering.
- Pain and suffering damages are capped at $250,000.
- All claims are resolved by binding arbitration.
- State law favors arbitration.
- Your liability is decided by three qualified physicians in your field of expertise.
- Liability and damages are decided separately.
- If no liability, they never address damages.
- You have the option to avoid the “Three Strikes You’re Out Rule” in Florida.
- Punitive damages are waived.
- Includes all claims by the patient’s family–e.g., spouse, children, etc.
- Includes all vicarious liability claims.
- Includes forum to resolve bad faith claims.
- Eliminates “professional” liability experts who live off of medical malpractice.
- Significant reduction in attorney’s fees and costs.
- The court approved it in August 2004–e.g., the court found that a minor patient and his parents were bound by the Knecht Medical Arbitration Agreement since it was in the minor patient’s best interest.
- 99% of the patients are signing it.
- It is proprietary and subject to federal intellectual property protection.
- It is the simple solution to a complex problem.
Benefits are subject to change based on the ultimate facts and law in any given case.
