You are thinking about filling a personal injury lawsuit over an accident at work. The question that is on your mind is “How much is my personal injury case worth?”. This is a question which is almost impossible to answer with precision. Personal injury compensation is related to past, present, and future medical bills, which means that it is very hard to have an accurate evaluation of how much your lawsuit is worth without going through your unique circumstances. There is no special formula to calculate the exact amount of money. The good news is that you can make a reasonable estimate with the help of a personal injury compensation calculator. The purpose of this article is to help you understand the variables involved.
Categories of compensatory damage common in personal injury cases
In any personal injury case, damages are made available to the injured person. Damages are basically a lump sum of money that is granted in compensation for a loss or injury. Generally, personal injury damages are categorised as compensatory. While some compensatory damages are easy to quantify, others are not. You have the right to financial compensation if you have sustained any of the following liabilities:
- Medical treatment. This includes medical bills that have resulted from the accident and that are not covered by insurance. You receive reimbursement for the medical care you have received and are rewarded for the treatment you will receive in future time. Medical treatment includes everything from hospital bills to prescription drug costs.
- Pain and suffering. Pain and suffering is the most important expense. And the most misunderstood one. Pain and suffering refers to the physical and emotional stress incurred at the date of the injury. Since these damages are subjective and personal, they are not easy to calculate.
- Lost income. You are entitled to a settlement if your injury has led to a reduced income. It is not only about the money that you have lost, but also about the money that you would have been able to make.
Determine the value of your personal injury case
Insurance companies resort to personal injuries calculators and so should you. A personal injury calculator is a computer program that assigns values to damages by evaluating the factors in a claim. Using one is not as difficult as you may think. All you have to do is click on the Start button and answer a few question. In only a few minutes, you will know how much money you are likely to receive. The best thing you can do though is visit injuryclaims.co.uk and get in touch with a personal injury solicitor. A professional of this type is able to help you calculate damages.
When compensatory damages can be reduced
The damages that we have listed above can be reduced in certain situations. For instance, if you were also at fault for the accident, your monetary compensation will be reduced by your percentage of responsibility. In most states, the law expects you to take measures to minimize the impact of the injury. If you have not done this, your settlement is significantly reduced.