Use our personal injury claim calculator to find out an accurate estimate of the compensation amount for a car accident, slip & fall, workplace incidences, or other types of personal injury cases.
Insurance companies and different law firms, though, utilize different formulas to commence initial settlement discussions.
A common formula employed involves a multiplier and the medical expenses incurred by the person concerned to calculate an estimate of the non-economic damages (i.e. money for emotional pain & suffering). This amount is then added to the person’s economic expenses or losses (medical bills, property damage, lost income, etc.) to obtain a negotiable dollar amount.
Our personal injury compensation calculator below will help you achieve just that.
[NOTE: THIS CALCULATION IS FOR INSTRUCTIONAL PURPOSES ONLY. This is not legal advice. Consult with an attorney at L. Clayton Burgess for a detailed financial & legal analysis of your case]
Personal Injury Claim Settlement Calculator
1. Medical Expenses($)
Enter the total amount in your medical bills, including the amounts that you did not pay out of your own pocket (paid by the insurance company or others).
2. Property Damage ($)
This field is generally used in case of automotive damage in a car accident. Leave this field at zero in case of any other kind of personal injury claims.
3. Lost Earnings ($)
If you have missed work due to your injuries, enter the sum of your accumulated lost income in this field. If you have availed of any time-off benefits, enter the dollar value compensated by your leave benefits.
4. Future Lost Income
If you will be missing more work due to ongoing medical treatment or will be unable to continue working at your current place of employment after recovery, enter an estimate of the loss of earnings in this field.
5. Estimated Future Medical Expenses
If you require further or continual medical treatment for your injuries, then enter the approximate cost of all such treatments.
6. Multiplier For General Damages
The multiplier value is used as an estimator for general & non-economic damages—the pain and suffering caused. The more severe, complicate, long-lasting, and painful the injury, the higher the multiplier goes.
Enter value –
Settlement Value Estimates
Economic Damages –
This is the total value of your actual damages or economic loss.
Non-Economic Damages (Pain & Suffering) –
This is the payment for general damages based on the above-chose multiplier.
Your Total Settlement Estimate –
Confer With A Lawyer
There may be several other factors involved in the calculation of the settlement amount in a personal injury case. The personal injury settlement calculator offers a tentative estimate.
Consult with a professional attorney or lawyer regarding the details of your case before making any claim or settlement demands.
NOTE: General damages, such as inflicted pain & suffering, are challenging to quantify. The multiplier allows one to put a dollar value on such losses. The multiplier value will vary according to the extent and severity of personal injuries, the level of treatment necessary, time of recovery, the impact on livelihood, and several other factors.