Factors That Determine The Value of Any Compensation
Usually when people think about the amount of money they will receive for compensation they imagine something like this:
Compensation = Damages
And while that is true, the process of determining the amount of money a person will receive for their injuries involves much more than just one variable. This article will analyze some of them.
Damages caused
The “damages caused” correspond to the quantity and type of injuries suffered. For example, a person may have received 3 physical injuries and 1 emotional trauma from a stressful event, such as an assault.
Severity of damage
The "severity of damage" refers to the severity of the injuries. Personal injury injuries are divided into two according to their severity:
Minor: involving less than 14 days of recovery to return to work
Severe: When they involve 15 or more days to return to work
Therefore, the severity of the damage is related to the following point: the aftermath.
Aftermath
The aftermath of an accident is the physical, mental, emotional, and social effect that a personal injury accident has on a victim's life. For example:
a woman could receive physical blows for family abuse,
develop anxiety and depression from the blows, and
having to refrain from working because of her injuries.
One of the most difficult things to cope with after an accident is the consequences due to the prolonged time in which they affect the victims' lives.
In the physical aspect, they need weeks or even months of recovery with medical treatment.
In the psychological field, the aftermath of some accidents must be treated for years, as same as physical blows.
From the social point of view, sometimes the work position is recovered, but other injuries leave people incapacitated making them unable to do their previous work routine and to share certain activities with their friends.
Cosmetic damage
Cosmetic damage is one of the many sequelae that a person experiences. Courts take special attention to cosmetic damage when issuing verdicts in important cases because cosmetic damage could not only affect a person's physical appearance but also transcends the emotional and social sphere.
The age of the victim
Age is a determining factor in personal injury. Once people reach old age, they become more likely to suffer more and more serious injuries. Especially in slip and fall accidents, and traffic accidents.
The percentage of legal guilt
For a person to receive any amount of compensation they need to be at least 50% innocent of what happened. However, unlike other factors that influence compensation, legal guilt is not always so simple to establish objectively.
Summary
The total amount of compensation depends on multiple factors. You could say that:
Thevalueofcompensation = ((Numberofinjuries + Severityofinjuries + Aftermath + Ageoftheperson) )/((Percentageofblame))
Now, who in the area can help you calculate so many factors fairly? Or put in another way, how can you know how much your compensation is worth?
Hire a Scarborough injury lawyer and find out how much your injuries are worth
To find out the value of so many variables you should not look for a mathematician, but a lawyer. If you live in the Scarborough area, look for a Scarborough injury lawyer!
If you do so, you will be able to know how much your injuries are worth and fairly claim all the immense damage somebody else has caused you. To read more Click Here