Personal Injury Calculator

Personal Injury Calculator

Average personal injury settlement amounts are extremely variable between cases, but you can use this personal injury settlement calculator from the Greenwald Law Firm in order to get a rough estimate of the kind of settlement you’re looking at and how much your personal injury case is worth overall.

How Does the Personal Injury Calculator Work?

When you incur an injury that is not your fault, you are legally entitled to financial compensation in the form of a personal injury settlement. The personal injury calculator gives you a rough estimate of what your personal injury claim is worth by taking into account what damages you may have accrued after your personal injury. 

Before we go any further, let’s touch briefly on what a personal injury claim is and what it entails. 

A personal injury case involves an injured party, also known as the plaintiff, and the defendant, the person or company the plaintiff believes is responsible for their injury. For example, if an employee slips and falls at work due to an unsafe work environment, the injured employee could potentially have a personal injury case against their employer. There are many different types of personal injury cases, including car accidents, construction accident injuries, or other kinds of bodily injury claims. 

Personal Injury Settlement Calculator

Personal injury settlements are calculated by first establishing monetary damages. Damages are the amount of money the plaintiff has spent as a result of the injury. Damages could include medical bills, lost wages while the plaintiff recovers from the injury, and what is known as “pain and suffering”. Though pain and suffering is not technically quantifiable, the longer the plaintiff was in recovery, the more extensive pain and suffering become in the eyes of the law. The personal injury calculator allows you to multiply your quantifiable monetary damages by any number between 1 and 5 in order to account for pain and suffering and mental anguish compensation.

There is also a type of damage known as punitive damages. This is another financial reward given to the plaintiff, but its purpose is to punish and penalize the defendant and act as a deterrent to committing similar offenses in the future. However, there is usually a cap on the amount of punitive damages that can be incurred, and many states, including Louisiana, have statutes involving which types of personal injury cases can incur punitive damages. In Louisiana, it is unlikely you will receive any punitive damages unless your personal injury case involves a drunk driving accident, any kind of criminal sexual activity, or domestic violence. If this is the case, your personal injury attorney will be able to advise you as to what kinds of punitive damages you can expect.

Recovering from Personal Injury

Not only do personal injury suits account for damages the plaintiff has already accrued, but they also account for reasonable future costs resulting from the personal injury as well. Therefore, the personal injury calculator also allows for any more medical bills the plaintiff may be expected to pay or future wages that may be lost. 

Therefore, you do not need to wait until you have completely recovered from your personal injury to pursue a personal injury claim. The costs associated with personal injury can be steep, especially if the plaintiff cannot continue working while they are injured. Relief is available immediately for those who have suffered bodily injury, and in fact, the sooner a personal injury claim is filed, the better.     

When Should I Use the Personal Injury Claim Calculator?

Now, here’s where the personal injury calculator is useful: your personal injury attorney will likely require a monetary amount from you that you believe is sufficient to drop your legal claim at the beginning of negotiations with the defendant. 

By entering expenses and accounting for pain and suffering in the personal injury calculator, you can arrive at a workable number. Though the amount you are eventually awarded may be more or maybe less, depending on the advice of your attorney and the outcome of the lawsuit, the personal injury calculator is helpful for creating a starting point. 

The personal injury calculator may also be useful if you want to know if filing a personal injury claim is even worth it. However, though the personal injury calculator can provide you with an estimate as to the damages you might accrue, only an experienced personal injury attorney can give you a real idea regarding your specific case.

Contact the Greenwald Law Firm

Our experienced personal injury attorney at The Greenwald Law Firm has helped many victims in Shreveport and Bossier City obtain financial compensation for their injuries, including dealing with complicated insurance disputes. Joey Greenwald has passionately represented people who have suffered from personal injuries in litigation, giving each client the attention they deserve for their unique case. If you or a loved one have suffered due to someone else’s negligence, contact our Shreveport personal injury law firm today at 318.383.0094 for a free and confidential consultation.