Construction Accident Claim Assessment Tool

Construction Accident Claim Assessment Tool

Calculating the value of a construction accident claim isn’t a simple math problem. It’s not just about numbers; it’s about understanding the layers of complexity involved in the aftermath of an accident. Injuries can lead to lost wages, medical bills, pain and suffering, and potential long-term effects. Many people miss crucial factors, resulting in underestimating their claims. You can’t afford to get it wrong.

How to Use This Calculator

Gathering accurate data is vital. Start with your medical expenses. Look for bills and receipts related to emergency care, surgeries, physical therapy, and ongoing treatments. Next, calculate your lost wages. This isn’t just your salary; include bonuses or commissions. If you were injured in a way that prevents you from working long term, factor in future earnings. Then, consider non-economic damages: pain and suffering. This is subjective but should reflect the impact on your quality of life. Consult with your doctor or therapist to get a clearer picture.

The Formula

Calculating your claim involves several variables: medical expenses, lost wages, pain and suffering, and other damages. The formula looks something like this:

Total Claim Value = Medical Expenses + Lost Wages + Pain and Suffering Multiplier (usually 1.5 to 5 based on severity) + Other Damages.

💡 Industry Pro Tip

Most people overlook future medical costs. If your injury requires ongoing treatment, make sure to estimate these costs accurately. Also, don’t forget to include any potential adjustments for inflation over time. This extra step could significantly affect your claim’s total value.

FAQ

Q1: How do I determine the multiplier for pain and suffering? A: The multiplier is often based on the severity of the injury and how it affects daily living. Consult with your attorney for guidance.

Q2: What if I can’t return to my previous job? A: That’s where vocational rehabilitation comes into play. Document your job search and any vocational training you undertake.

Q3: Can I include legal fees in my claim? A: Generally, legal fees are separate, but some jurisdictions allow for recovery of these costs under certain conditions.

Q4: What if the accident was partly my fault? A: Many states follow comparative negligence laws, meaning your compensation may be reduced by your percentage of fault. Always consult a legal professional for a detailed assessment.