What is the cost of using arbitration?

The cost of arbitration varies depending on the size and complexity of the case, the type of arbitration, and the number of arbitrators needed. In Washington, arbitration is usually cheaper than a traditional court case, but there is no set fee for arbitrators in the state. Generally speaking, arbitrators’ fees are based on an hourly rate. Expenses, such as travel and hotel costs, may also be charged, depending on the type of arbitration. Arbitrators determine their own fees, so the cost of arbitration depends on the arbitrator chosen and may be negotiated beforehand. If a party cannot afford the arbitration costs, they can ask the arbitrator to reduce their fees. In some cases, a fee waiver may be available from the arbitrator. In addition to the arbitration costs, the parties may need to pay their attorney’s fees and other costs for preparing for the arbitration. The parties may also be responsible for splitting the final costs of the arbitration, such as the award and associated costs. To minimize costs associated with arbitration, disputing parties should reach consensus and work out as many details as possible prior to the start of the arbitration. Working through all possible issues before the hearing can help to reduce costs and avoid potential delays that can add additional costs to the process.

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