Law

How Long After a Worker’s Comp Accient Until I Receive My Settlment Money?

The amount of money that you can get from a workers comp claim greatly depends on many different factors, such as who is ultimately at fault, when the accident occurred, and how long it has been going on. In most cases, claims that entail some type of personal injury or occupational illnesses fall into this relatively narrow category of between one thousand and five thousand dollars per victim.

For some types of injuries, this amount is significantly lower. However, this isn’t always the case, because St. Petersburg personal injury lawyer may take into account additional factors like loss of earnings and medical expenses when determining the final settlement amount. For instance, if an individual works in a hazardous occupation where they are constantly exposed to harmful elements like carbon monoxide, which can lead to serious health complications, these damages could be far higher than the actual dollar amount.

Factor that determines settlement money

One factor that determines settlement money is the legal costs incurred during the process. In general, legal fees can run between six and twelve hundred dollars, which are generally associated with two to three hundred hours of work. If the injury was caused by the negligence or recklessness of another individual or corporation, they are responsible for these legal costs. For instance, if a business owner allows their employees to drink alcohol on the job, they could be held liable for the legal costs incurred as a result of their carelessness.

Sometimes, victims need to see medical doctors and get x-rays after an accident to prove that they sustained no permanent damage. However, there is always the chance that the medical bills will exceed the settlement amount due to them. If this scenario occurs, the injured person will need to come up with the remainder of the money needed to pay off their outstanding medical bills. This is where many people who suffer personal injury accidents have run into financial trouble in the short and long term.

Some people who have received large car accident settlements have been unable to make any use of their settlement money because they have had to spend the majority of it on their ongoing medical expenses. Other individuals have used part of their settlement money to cover their living expenses. And others have even found themselves in serious debt after having to deal with the day-to-day management of their personal injury case. When faced with bills that cannot be paid, people find that they are forced to turn to credit cards in order to make ends meet.

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