Keep in mind this fact: Similar procedures do not automatically lead to a single or average compensation.
Initial procedure: Submission of personal injury claim
The victim then consults with a personal injury lawyer, and shares all the information that relates to the submitted claim.
Both the insurance adjuster and the lawyer undertake an investigation. Each of them seeks to identify the person or business that should be held liable for the reported damages.
The client- personal injury lawyer in Pickering– team sends a demand letter to the adjuster. In response, the adjuster might come forward with an initial bid. That would mark the start of negotiations.
Possible results of negotiations
Both sides agree on a settlement figure. The two opposing sides fail to reach a settlement, and the case proceeds to the stage of litigation.
During negotiations and during any scheduled courtroom trial, multiple factors determine the size of any compensation.
The size of the defendant’s wages or profits: That serves as an indication of the defendant’s ability to produce the amount of money that would qualify as a fair compensation.
In any case where an unemployed driver had caused an accident, the nature and extent of the same driver’s assets would affect the size of the awarded compensation package.
The nature of the victim’s profession: Sometimes an especially bad injury could keep a particular victim from returning to his or her profession. As a result, the victim’s lawyer could ask for money to cover the victim’s loss of earning power.
Any stated limits in the defendant’s insurance policy: That would limit the size of an agreed-upon compensation.
Punitive damages: A court might award plaintiff punitive damages, if the defendant had behaved in an egregious manner. Those court-awarded funds would get added to the money that was meant to compensate the injured victim.
Why lawyers talk about ranges instead of averages:
Due to the stark differences in the amount of money awarded to the various victims of a personal injury incident, lawyers do not feel comfortable talking about an average amount of money. Instead, most of them focus on ranges.
If 2 victims had pursued very different careers, or if 2 victims had sustained an injury at a different age, then there would be a wide range in the size of the awards given to each of those particular victims. In contrast, if 2 victims had held a similar job or had suffered an injury while at the same age, then there would be a narrow range in the size of the 2 packages that were supposed to compensate each of the similar victims.
Lawyers focus on the details. The details represent the factors that work to shape the size of awarded funds.
