The National Floor Safety Institute claims that “Falls account for almost 8 million hospital emergency department visits,” making them the leading cause of visits (21.3%). Around a million trips, or about 12% of all falls, are caused by slips and falls. In order to get the most money out of your settlement after a slip and fall accident, you need to hire attorneys who specialize in these cases. Click here to hire certified lawyers.
What Factors Affect the Amount of a Compensation for an Accidental Fall?
Your slip-and-fall settlement amount will be determined by a number of different variables. There are several variables that go into determining how much of a settlement you can expect to receive after being injured in a slip and fall accident, including the owner of the property, the extent of your injuries, and the way they have changed your life.
The value of a slip-and-fall settlement depends on a number of factors, including:
- The Cost of Treatment
- Disappearing Paychecks
- Capacity for gain declines
- Affects private possessions
- Negative effects on one’s physical well-being
- Stress in the mind
- life’s quality is diminished
- Separation anxiety (in wrongful death claims)
Economic damages (also known as monetary damages) and non-economic damages (also known as other damages) are two common ways to classify the aforementioned types of losses (also known as non-monetary damages).
Losses to the Economy
Damages to your finances, such as money lost or owed, or money spent, can be easily measured. In cases of slip and fall settlements, common types of economic damages include:
- Injuries result in a wide range of potential medical expenses, including those incurred for emergency care, hospitalisation, doctor’s visits, procedures, rehabilitation, pharmaceuticals, medical supplies, and equipment. You can also add on associated expenses, such as the price of a wheelchair ramp for your house. The expense of future medical care prescribed by your doctor and reviewed by an expert in what is reasonable and customary can be included in your claim if treatment for your injuries will continue into the future.
- Payments for missed wages are typically included in settlements when an individual is unable to work as a consequence of accident-related injuries or responsibilities.
- Claim for Reduced Earning Capacity in Your Slip and Fall Settlement If Your Injuries Prevent You from Going Back to Your Previous Line of Work