Personal Injury Settlement Amounts

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The amount of personal injury settlement depends on many factors, and there is no fixed value for any compensation package. The amount settled on depends on factors like age of the claimant, severity of injury, net financial loss, medical expenses incurred, medical prognosis, extent of liability, etc.

There is no minimum or maximum compensation amount limit set by law, since amounts vary greatly from case to case. The following examples give you an idea of the compensation due in cases of personal injury.

A construction company, for example, paid a compensation of $2,000,000, when held liable for the death of a young man caused by unsafe construction. A retail store paid out $1,000,000, when a claimant suffered serious neck injuries when a display fell on her. A nursing home paid $1,000,000 for medical negligence when an Alzheimer's patient was injured due to the absence of a nurse on duty. Injury due to an automobile accident aggravated a victim's previous neck injury, and the he was paid $5,000,000 in compensation.

The highest compensation values are given to those plaintiffs who are young and healthy. This is because the jury takes into consideration the financial loss and mental anguish caused to those victims who would, in all probability, have been highly productive had they not been injured or handicapped.

Severity of injury is another factor. A first degree burn which heals quickly and leaves no scars is compensated by a minor amount. But a third degree burn, if spread over 50% of the body, for example, can claim up to $8,00,000, as in a case where a coal mining company was sued when a minor needed an amputation due to the company's negligence.

Lost wages are also considered when settling such cases. The court takes into account the occupation of the claimant, education levels and future prospects when awarding a compensation amount.

It is also important that the plaintiff come across as someone sincere who genuinely needs help, and not an opportunist just waiting to sue due to financial motives. The personal injury settlement amounts are meant to help those in distress get on with life, and not simply a financial "dole".

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Personal Injury Settlement Amounts

Image : http://www.flickr.com

The amount of personal injury settlement depends on many factors, and there is no fixed value for any compensation package. The amount settled on depends on factors like age of the claimant, severity of injury, net financial loss, medical expenses incurred, medical prognosis, extent of liability, etc.

There is no minimum or maximum compensation amount limit set by law, since amounts vary greatly from case to case. The following examples give you an idea of the compensation due in cases of personal injury.

A construction company, for example, paid a compensation of $2,000,000, when held liable for the death of a young man caused by unsafe construction. A retail store paid out $1,000,000, when a claimant suffered serious neck injuries when a display fell on her. A nursing home paid $1,000,000 for medical negligence when an Alzheimer's patient was injured due to the absence of a nurse on duty. Injury due to an automobile accident aggravated a victim's previous neck injury, and the he was paid $5,000,000 in compensation.

The highest compensation values are given to those plaintiffs who are young and healthy. This is because the jury takes into consideration the financial loss and mental anguish caused to those victims who would, in all probability, have been highly productive had they not been injured or handicapped.

Severity of injury is another factor. A first degree burn which heals quickly and leaves no scars is compensated by a minor amount. But a third degree burn, if spread over 50% of the body, for example, can claim up to $8,00,000, as in a case where a coal mining company was sued when a minor needed an amputation due to the company's negligence.

Lost wages are also considered when settling such cases. The court takes into account the occupation of the claimant, education levels and future prospects when awarding a compensation amount.

It is also important that the plaintiff come across as someone sincere who genuinely needs help, and not an opportunist just waiting to sue due to financial motives. The personal injury settlement amounts are meant to help those in distress get on with life, and not simply a financial "dole".

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Personal Injury Settlements

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A personal injury settlement is any kind of compensation paid for injuries to a person. These injuries can include scarring, disfigurement, broken bones, burns, back pain, etc. They can result from animal attacks, workplace accidents, automobile accidents, medical negligence, use of defective devices, etc.

Generally, minor injuries are settled by the injured person and the party at fault. These settlements are out of court and don't need the involvement of lawyers. The insurance companies settle quickly and easily in order to avoid a lengthy litigation process that could cost them more.

For larger injuries which lead to suffering, trauma, disability, loss of wages, financial loss etc., a personal injury lawyer is essential. The average person is usually not aware of how much compensation he is entitled to and may settle for less.

Working in hazardous conditions often leads to health problems. For example, those working in the asbestos construction industry often suffer from asbestosis that can cause damage to the lungs. Other industrial pollutants like radiation, pesticides and benzene also cause ailments like genetic mutations and cancer. In such cases, it becomes difficult to assess damage to the person, and compensation must be decided by a jury in court.

Medical negligence like the administration of wrong drugs can lead to injuries ranging from paralysis, gangrene, blindness, scarring and death. Both the medical practitioners and insurance company are sued for compensation in these cases.

As noted, automobile accidents are a common cause of personal injury. Automobile accidents can lead to all sorts of serious injuries, and the guilty party can be sued for compensation if an out of court settlement is not reached.

Defective products also causes personal injury. These include injuries involving cracked glass jars which shatter in a person's hand causing severe bruising. Electric shocks from an exposed cable are also a cause for injuries including burns, paralysis, heart failure or death. The manufacturers, builders, planners and those who installed the products can all be considered guilty parties in such cases and are liable to pay compensation.

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Personal Injury Settlements

Image : http://www.flickr.com

A personal injury settlement is any kind of compensation paid for injuries to a person. These injuries can include scarring, disfigurement, broken bones, burns, back pain, etc. They can result from animal attacks, workplace accidents, automobile accidents, medical negligence, use of defective devices, etc.

Generally, minor injuries are settled by the injured person and the party at fault. These settlements are out of court and don't need the involvement of lawyers. The insurance companies settle quickly and easily in order to avoid a lengthy litigation process that could cost them more.

For larger injuries which lead to suffering, trauma, disability, loss of wages, financial loss etc., a personal injury lawyer is essential. The average person is usually not aware of how much compensation he is entitled to and may settle for less.

Working in hazardous conditions often leads to health problems. For example, those working in the asbestos construction industry often suffer from asbestosis that can cause damage to the lungs. Other industrial pollutants like radiation, pesticides and benzene also cause ailments like genetic mutations and cancer. In such cases, it becomes difficult to assess damage to the person, and compensation must be decided by a jury in court.

Medical negligence like the administration of wrong drugs can lead to injuries ranging from paralysis, gangrene, blindness, scarring and death. Both the medical practitioners and insurance company are sued for compensation in these cases.

As noted, automobile accidents are a common cause of personal injury. Automobile accidents can lead to all sorts of serious injuries, and the guilty party can be sued for compensation if an out of court settlement is not reached.

Defective products also causes personal injury. These include injuries involving cracked glass jars which shatter in a person's hand causing severe bruising. Electric shocks from an exposed cable are also a cause for injuries including burns, paralysis, heart failure or death. The manufacturers, builders, planners and those who installed the products can all be considered guilty parties in such cases and are liable to pay compensation.

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