4 Common Types Of Compensation Claims

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Despite exerting extra efforts to prevent risks of accidents, there’s no getting around the fact that emergencies can happen any time in your workplace. Consequently, these sudden incidents can affect you psychologically and financially. 

If you suffered an accident and sustained injuries, one of the first things you may be wondering about is your legal right to a compensation claim. When dealing with such scenarios, you should seek professional help and legal assistance. You may also check on www.injuredcalltoday.com and other similar sites, which may help you acquire medical treatments from competent doctors.    

What Are Compensatory Damages? 

Compensation claims, also known as indemnity claims, are legal claims that can be requested by employees after sustaining injuries, disabilities, or any kind of suffering after being in a workplace accident. Apart from being commonly known as ‘compensation,’ the legal term ‘damage’ is also used to refer to it. Particularly, the two fundamental categories that can be granted in personal injuries include punitive and compensatory claims.   

Compensation claims are included in the management’s prerogative and covered by local laws. Such claims aim to indemnify and compensate the victim’s party for the injuries they sustained, including automobile accidents, slip and fall cases, and medical malpractices

Employees may receive different types of compensation, namely direct, indirect, and non-monetary compensations. Furthermore, direct compensation has four major types: hourly wage, bonuses, salary, and commission.  

Types Of Employee Compensation Claims 

After learning the basic things about compensation claims, listed below are the top five most common types of claims that an affected employee could file for compensation. 

  1. Automobile Accident Claims 

Due to the high automobile accident rates tallied every year, car accident claims are one of the most common types of compensation claims filed by victims. This type encompasses car accidents involving buses, trucks, cars, and motorcycles. After being in a car collision, filing for automobile accident compensation claims should be prioritized by victims to obtain financial assistance.  

If you’re having a hard time filing for one, hiring compensation lawyers could be the solution to your problem. Having a skilled attorney specializing in such claims can be a great help in effectively filing for indemnity claims, as well as learning the next legal actions you should do to advance your case.    

  1. Workers Compensation 

If you sustained injuries from a workplace accident, your working capacity could be affected since you might be hindered from working. Such accidents pose numerous challenges in terms of physical, psychological, and financial aspects of your life and well-being. While your supervisors or the company you work for can shoulder your hospital bills, this doesn’t guarantee full assistance on your other financial obligations.  

To help you better recover monetary assistance to support your medical finances, you should file for workers’ compensation. Commonly known as the workers’ compensation insurance, this type of claim comprises missed waged replacement, disability benefits, and even death benefits in some severe cases.  

Aside from providing benefits for employees who suffered work-related injuries, this type of claim also diminishes liability over work-related illnesses. Some examples of what it covers include: 

  • Sprains and strains 
  • Cuts and punctures 
  • Fractures 
  • Contusions 
  • Amputations 
  • Loss of vision 
  • Burns 
  • Brain injury 
  • Mental health injuries 
  1. Public Liability Insurance 

Public liability insurances commonly cover slip and fall accidents, which take place in public settings. Such places include retail outlets, sports complexes, and shopping centers. However, when filing for this kind of claim, it’s important to know that you have to show medical certificates that can prove your statement regarding suffering from serious physical or psychological injuries caused by someone else’s carelessness. This also highly depends on the extent of your injuries and the severity of your condition. 

Besides that, this particular type of compensatory damages primarily protects you from third-party claims and covers you against claims for damage to other’s property.  

  1. Personal Injury 

One of the primary things that you should know about personal injury claims is that they mainly cover every cost incurred as a result of the accident or wrongful death. Particularly, personal injury claims are requested by victims to indemnify expenses related to physical injuries.  

This type of indemnity claim typically covers lost wages and medical bills. Additionally, such claims can either be paid by the victim’s insurance company or the liable party’s insurance. 

Final Thoughts 

While accidents and emergencies are some of the many things in life that can never be predicted nor evaded, the least that you can do to help yourself recover is to file for compensation claims. Through these claims, you can obtain financial assistance and support from the liable party’s side.  

When filing for one, it’s better to know what type of claim you should be filing for a specific accident, such as automobile accident claims, workers’ compensation, public liability insurance, and personal injury claims. You may also seek legal assistance from compensation lawyers to better help you get through this situation.     

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