Compensation is the total cash and non-cash payments that you give to an employee in exchange for the work they do for your business. It is typically one of the biggest expenses for businesses with employees. Compensation is more than an employee’s regular paid wages.
How much to Expect in a Car Accident Settlement?
Your average car accident settlement might be approximately $21,000. It is likely to fall somewhere between $14,000 and $28,000. The settlement is generally higher for more severe or permanent injuries. You’ll also get paid more if the other driver was found to be driving under the influence.
How Much Money can you get for Pain and Suffering from a Car Accident?
So, if your medical bills were $5,000.00 and your lost wages were $1,000.00, you would multiply $6,000.00 by 3 for a total of $18,000.00. In recent years, however, insurance companies have become more reluctant to automatically concede that a multiple of three is a reasonable way to quantify pain and suffering damages.
What is the Average Settlement for a Car Accident?
For relatively minor injuries with no ongoing complications, such as ‘soft tissue’ or ‘whiplash’, the average settlement will tend to be between $10,000 and $25,000. For more substantial orthopedic injuries that necessitate surgery, physical therapy, or ongoing care, settlements can run anywhere from $50,000 to $75,000.
How much to Expect from Car Accident Settlement
For example, let’s say that you injured your back in a car accident and paid $5,000 in doctor’s bills. You were out of work for a week, which made you lose $2,000 in income. Your average car accident settlement might be approximately $21,000. It is likely to fall somewhere between $14,000 and $28,000.
Average Settlement for a Personal Injury?
Settlements and court awards in personal injury cases typically range from $3,000 to $75,000. Settlements and court awards in personal injury cases typically range from $3,000 to $75,000.