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How Much is My Claim Worth?

How Much is My Claim Worth

A crucial question for anyone considering a personal injury claim is how much compensation they might be entitled to.

The answer to that question can determine whether the time, stress and effort are worth it – dealing with lawyers, insurance companies and, possibly, courts, is not anyone’s preferred way to spend their time.

One of the benefits of engaging legal professionals such as Lifestyle Injury Lawyers for a personal injury claim is that the firm’s years of experience in compensation claims means it can provide a comprehensive assessment of the strength of your claim and what it might be worth.

This assessment will be based on settlements in similar cases handled in the past. It’s important to remember, however, that every personal injury claim is unique. This means it is impossible to accurately predict a damages award but based on the seriousness of the injury and the extent to which it affects a person’s daily life and their ability to work, it’s possible to provide some guidance.

Your age, the amount of money you earn in your job, your pre-existing medical history, the extent of your post-injury care needs, out-of-pocket expenses and potential future expenses are all factors that will also determine how much you can claim.

Average compensation payouts

It can be difficult to accurately list average compensation payouts for personal injury claims, given some settlements remain confidential.

Average payouts in motor vehicle accidents and workers’ compensation claims are somewhat clearer based on the number of claims per year and the overall amount paid in compensation.

More than 7000 road accident victims made compensation claims in Queensland in 2019-2020, for instance. With more than $650m paid out in compensation, this means the average payout is around $100,000. Most claims, however, are for minor injuries, with higher payments for more serious injuries. The average for minor injuries is closer to $62,000, while the average for severely injured persons is over $1million.

More than 3000 common law claims for workplace injury were made in 2019-2020, with WorkCover Queensland reporting an average payout of approximately just over $168,800.

An accurate average for public liability claims such as trips, slips and falls in public venues is much more difficult to come by, though the majority of payouts range from $50,000 up to $350,000. An injury assessed as more severe will naturally draw a higher compensation figure if the claim is successful.

Speak with the specialists

It’s true that every compensation claim is different but it’s also true that claims already settled can provide a reasonable guide to what your claim is worth.

Combine that information with the experienced Gold Coast compensation professionals at Lifestyle Injury Lawyers and we can give you a best-case scenario on what you can expect from your claim.

Use the free assessment tool on our website or better yet, call us for an initial face-to-face, obligation-free consultation where we can assess the strength of your case, including how much your claim might be worth.