Worker’s compensation is an aspect of the personal injury industry that allows employees to get money from their employers when they have been injured. These cases vary greatly, as do the payouts and the likelihood of success. But what is worker’s compensation and more importantly, how much can someone expect to receive from it?
What is Workers’ Compensation?
In its simplest terms, workers’ compensation is a type of insurance that is paid to employees after they have suffered from injury or illness in the workplace. There are many things that can qualify and there are many ways that it can be paid out, as discussed below.
What Does Workers’ Compensation Pay?
Payouts depend entirely on the situation and on the skill of the lawyer. Because in a litigious society such as this, it really all comes down to the experience and the skill of the legal team. The big legal companies work with legal experts, experienced consultants and doctors in order to provide a complete package.
They can secure tens of millions and while the individual case does play a role in dictating the outcome, it might not be as important as you think. One of the aspects that is reliant on the eventual outcome is the salary. A worker earning $10,000 a year may expect to get less than one earning $50,000 a year, for instance. That’s because the salary will be calculated as lost earnings. It may be paid out in a lump sum or it may be paid out in instalments, not unlike an actual salary.
Medical bills can also be claimed as can lump sums out as a result of the employee losing certain abilities. If their life is negatively affected by the incident, if they can no longer do the things they enjoyed, can no longer enjoy living to the extent that they once did, then this will be factored in and amounts will be paid.
Workers’ Compensation Outside the US
Because medical expenses in the US are higher than they are in any other country the payments tend to be just as high. This is actually one of the main reasons why workers’ compensation in the United States is considerably higher on a case by case basis than it is anywhere else in the world. In fact, in many countries, developed nations included, there will be no compensation for injuries suffered at work and in most of them the compensation will be slight at best.
In the UK, for instance, compensation exists, but only in recent years have these cases started to be successful. They are not as widespread, no medical bills will be covered (because the country has free healthcare) and only severe cases that occurred as a direct cause of employer error or negligence will be considered.