Arbitration is a process where one or three arbitrators make a decision about the case. This decision may be binding or it may not be binding. Generally in Indiana, arbitrations are binding. However, the parties may agree that the arbitration will not be binding. Because you may find out in the process your case was not as good as you thought, and then you can perhaps go to mediation or reach a solution or settlement outside of the courtroom.
Most arbitrations are binding.
Arbitrations have been utilized in labor disputes for a long time. They are increasingly being utilized in uninsured or under-insured motorist cases. In any event, you should have an experienced person as your advocate or lawyer in a mediation or arbitration. The lawyer with experience in a mediation or arbitration is generally going to do better. He knows the process, he knows what works, and he works to get your case settled or decided in your favor.