Your Allies Throughout Your Recovery

Premises Liability: How are slip-and-fall settlements calculated?

On Behalf of | Nov 8, 2022 | Premises Liability

A slip-and-fall accident can tremendously affect your life. It may no longer be business as usual when you cannot work and provide for your family or lead your everyday life like before due to the injuries you sustained.

You are entitled to compensation if your slip-and-fall accident arose from another party’s negligence. However, before getting started on your premises liability claim, it is prudent to familiarize yourself with the process of valuing your claim. That way, you will understand what you deserve in compensation for the harm you suffered.

What damages did you suffer from your injuries?

Your settlement depends on the injuries you sustained in the slip-and-fall and their impact on your life. For instance, you may not recover as much from minor injuries compared to something like a broken spine.

Hospital bills are some of the most apparent damages. They constitute the present and future cost of treatment, aftercare services, and any medical devices where applicable. Other monetary damages include the wages you missed out on as you recovered and any effect the injuries have on your future earning capacity. However, that is not all.

Non-monetary damages are also compensable. You may have endured physical pain and suffering, emotional anguish, mental trauma or even a lower quality of life due to your injuries.

Get the necessary assistance in arriving at a settlement figure

You may not necessarily understand all the damages you can claim following a slip-and-fall accident. Therefore, you could end up accepting a lowball offer, which can come back to haunt you in the future. It is best to get help if you are unaware of what goes into establishing a claim’s worth and your options in case you don’t reach a settlement agreement with the insurer.