Home How Is Personal Injury Compensation Calculated?
The formula for calculating a personal injury settlement is not as complicated as you might think. However, choosing what numbers you’ll plug into that formula can be tricky, and many factors need to be taken into consideration.
Most often, personal injury attorneys will multiply your special damages by a general damages multiplier to calculate your total compensation.
For assistance determining the personal injury compensation you are entitled to, contact our Chicago personal injury attorneys at Staver Accident Injury Lawyers, P.C.. Our attorneys can take all of your expenses and damages into consideration and help you seek the compensation you deserve. For a no-cost, no-obligation consultation, call us at (312) 236-2900 today.
Special damages, or economic damages, include the items that can be calculated. This category includes:
Arriving at your special damages number could take some time and usually the more complex the injury or loss, the longer it takes. An experienced and compassionate Chicago personal injury lawyer can help you assess your claim and determine your losses.
The subjective piece of your personal injury claim is general damages. These are noneconomic; for example, pain and suffering is a general damage. Whether you suffered a minor sprain or a catastrophic loss, it is likely you have some general damages. This category includes:
Since pain and suffering is noneconomic, you can’t necessarily place a dollar amount on those types of losses. That is where the general damages multiplier or GDM comes in. This number, ranging from 1.5 to 5, is assigned based on the nature and extent of your injuries and losses. For example, the more painful and long-term your losses are, the higher your GDM is.
Our Chicago personal injury attorneys have helped numerous clients receive the compensation they are entitled to after an accident caused by someone else. We wholly believe that you should not have to suffer as a result of another’s carelessness. Let our legal team at Staver Accident Injury Lawyers, P.C. help you calculate and pursue the personal injury compensation you deserve.
When you’re fighting for maximum compensation, we know what it takes to get it.
We’re ready to fight for you. We’re ready to be your ally. And we’re ready to start right now. Don’t waste time, contact our law offices today.FREE CASE EVALUATION – (312) 236-2900
Serious injuries don’t happen on a 9-to-5 schedule, which is why we are always available to help if you have been hurt. Our team is available around the clock to provide the support you need.