Popular searches:
Car Accident Injuries Injuries Claim Defective Products Injury Lawsuits
Talk to a Lawyer
Enter a zip code to speak to a Lawyer that serves your area.
Select the type of Lawyer you need
I am receiving a lump sump settlement for many injuries, how do I determine if the amount is fair?
I am in the middle of a personal injury lawsuit where I am suing for injures to my back, broken ribs, and my leg. A settlement amount is being put together and I was wondering how they come up with this lump sump amount?
Do you have a question?
Our Lawyers can help you.
Answers (1)
A claim such as this is dependent on both economic and noneconomic factors. Economic factors would first include the dollar value of damages, medical bills, etc that you’ve incurred. Then, they would take into consideration other economic losses such as lost income due to your injuries. If you are permanently injured and can no longer continue the field of work you’ve been in (which may require physical abilities), then they will take the future estimated earnings from this job over your life time, and discount it to the present value resulting in a fairly large settlement.
Non economic losses would include compensation for emotional distress such as pain and suffering. Your attorney should be able to help ensure you receive a fair compensation for both forms of losses which also have quite a bit of room for negotiation.
References:
Posted by Staff Writer on 21 Jan 2010
1 person found this useful
(3 Votes)