Personal injury lawyers play a crucial role in ensuring that victims of accidents or negligence get the compensation they deserve. The process of calculating personal injury compensation is complex and requires a deep understanding of the law, medical conditions, and insurance policies.
Firstly, one must understand what personal injury compensation covers. It includes not only physical harm but also emotional distress and financial losses incurred due to the accident. These damages are further classified into two categories: economic and non-economic damages.
Economic damages cover quantifiable financial losses such as medical expenses, lost wages during recovery, property damage, future lost income if permanently disabled, rehabilitation costs, etc. Calculating these damages involves collecting bills, receipts and wage statements to determine accurate figures for these losses.
Non-economic damages are more subjective and harder to quantify. They include pain and suffering endured by the victim because of the injury sustained from an accident or negligence; loss of enjoyment in life due to disability or disfigurement; mental anguish; loss of companionship or consortium; etc.
Calculating non-economic damages often involves using a multiplier method where economic damages are multiplied by a certain number (usually between 1.5 – 5) depending on severity of injuries suffered, impact on quality of life among other factors considered by courts in similar cases previously handled.
Moreover, personal injury lawyers consider potential punitive damages which are awarded when defendant’s conduct was particularly egregious or malicious intending to punish wrongdoer rather than compensate victim. However these are rare exceptions rather than rule in most personal injury cases.
Another important factor taken into account is contributory negligence i.e., whether victim had any role contributing towards accident causing his/her own injuries which may reduce overall compensation received accordingly.
Lastly but importantly is assessment of comparative fault i.e., determining percentage responsibility each party bears for accident leading to injuries sustained by plaintiff which directly impacts final settlement amount negotiated with insurance companies involved.
In conclusion it’s clear that calculation process isn’t a simple mathematical equation but rather a complex process involving various factors and subjective judgment. Personal injury lawyers are trained to navigate this intricate process, ensuring that their clients receive the maximum amount of compensation they’re entitled to. They understand how to gather necessary evidence, negotiate with insurance companies, and present compelling arguments in court if needed.
Therefore, if you’ve been injured due to someone else’s negligence or wrongdoing, it’s crucial to consult with an experienced personal injury lawyer who can guide you through this complicated process and fight for your rightful compensation.
Munley Law Personal Injury Attorneys
1617 John F Kennedy Blvd #1690, Philadelphia, PA 19103
12155157747
