Settlement Calculator for Personal Injury in Florida

When you are injured by the negligence of others, you may be eligible to receive compensation for your injuries. Auto accidents, premises injuries, defective products, and other situations can cause serious injuries that impact your health and financial stability. When you pursue a personal injury claim, you may wonder how a settlement amount is determined by attorneys handling your case. Here are some basic factors that can be included in a settlement calculator for personal injury claims in Florida.

Medical Expenses and Lost Income

Any direct expenses caused by your injury are the first and easiest to calculate. Your medical care, which includes hospital stays, doctor visits, medication, physical therapy, chiropractic care, medical equipment and any other medical expenses caused by your injury are included. Finally, any income you lost due to your injury, such as lost wages or business income, can be added to the lump sum of expenses.

Future Expenses

Another factor added into the settlement calculator is how much your injury will cost you in the future. This can be a little more difficult to calculate. It depends on how much permanent damage was caused and how long you will need medical care for your injury. If you will not be able to return to work, future income loss may also be figured into your claim.

Special Damages for Your Personal Injury

When you add together your actual expenses and estimated future expenses or losses, this creates your special damages in your personal injury claim. This is a figure that can be essential to determining a settlement amount when working on a personal injury claim.

General Damages Multiplier

General damages are not calculated from an invoice or receipt. These are intangible damages, such as pain and suffering, quality of life, emotional impact, stress, and gross negligence. Instead of creating a dollar value for these damages, they are often used to create a multiplier that is used with the special damages.

Every personal injury claim is different, and each insurance company and their legal team may have different ways to calculate what they believe a claim is worth. At Tison Law Group, we work diligently to help our clients get the highest settlements for their personal injury claims to minimize the financial hardship caused by their accident. Contact our office if you have been injured and Want to discuss any potential personal injury claim you may have.