Understanding The Factors Behind Compensation For Personal Injury Cases
If you've ever suffered from a personal injury, you know how daunting it can be to navigate the legal system in pursuit of compensation. In addition to the physical, emotional, and financial toll that injuries can take, the technicalities of personal injury law might leave you feeling confused and overwhelmed. One key aspect of personal injury law that often leaves claimants scratching their heads is the issue of compensation. How is it determined, and what factors come into play? In this blog post, we'll discuss the factors determining compensation for personal injury.
The Severity of the Injury
One of the most obvious factors in determining compensation for personal injury is the severity of the injury. Severe, life-altering injuries tend to receive higher payouts, while less severe injuries will receive less compensation. Factors that might impact this determination include the type of injury (e.g., burns, fractures, brain injury), the level of disability or impairment following the injury, and the length of time it will take the claimant to recover.
The Economic Costs
Another factor to consider when calculating compensation for personal injury cases is the economic costs incurred by the claimant. This might include medical expenses (both past and future), lost wages or income, rehabilitation expenses, and other out-of-pocket expenses. Generally, the more economic costs incurred by the claimant, the higher the compensation payout will be.
Non-Economic Damages
The term "non-economic damages" refers to a personal injury's emotional and psychological impact. While these damages can't be quantified the same way as economic ones, they are no less important. Non-economic damages might include pain and suffering, reduced quality of life, emotional distress, and embarrassment or disfigurement resulting from the injury. Calculations of non-economic damages can include multipliers and formulas that personal injury attorneys are familiar with.
Liability
To receive compensation for personal injury, the claimant must prove that someone else was liable for their injuries. The liable party might be a person, company, or organization, and this can be one of the most complex aspects of personal injury law. A personal injury attorney will be able to determine who is liable for your injuries and build a solid case for why that person or entity should be held responsible.
Navigating the legal system and securing the compensation you deserve after a personal injury can be daunting. However, by understanding the factors that determine compensation for personal injury, you can be better prepared to seek the justice you deserve.
Contact a personal injury attorney to learn more.