Calculating the Cost of Injury Accidents
Accidents that result in serious injuries impose huge costs on victims and their families. Fatal accidents impose even higher financial and emotional stakes for the victim's spouse and children.
The medical bills and insurance deductible are the most obvious and immediate costs of being in a serious accident. The total costs of an injury accident, a serious one, often include:
1. Legal fees
2. Court costs
3. Medical deductible
4. Lost wages
5. Car insurance deductible
6. Lost earning ability
7. Long-term care
8. Prescriptions
9. Counseling
Most injuries don't require long-term care, counseling, or a major loss of earning ability. If you can no longer work at your old job and must take something less demanding, with much lower pay, this loss of income can be thousands of dollars per year. Some counseling costs should be covered by insurance, but you will still be responsible for paying some of the cost. Prescription costs mount as well.
Medical negligence imposes the same kinds of costs. The same legal rules that allow victims recover costs of car accidents, slip & fall accidents, and auto accidents apply. You can recover financial costs, plus an award for pain and suffering.
The law provides a way for victims to recover the costs of being injured on the job, while visiting a business, or when using a defective product. A product liability suit can recover the victim's costs, plus compensation for pain and suffering, plus punitive damages in some cases.
Premises liability applies if an accident happens on property owned by someone else. It is relevant in situations where the owner's negligence produces conditions that result in someone being injured.
Our attorneys have years of experience handling a wide range of personal injury cases. If you were injured because of someone else's negligence, give us a call to schedule a consultation.
