Accidents can happen anywhere at any time without warning, leaving victims with lasting physical and emotional trauma and adding unexpected strain on their finances. Slip and fall accidents are some of the most common causes of accident-related injury and death in the United States. A minor safety hazard on a property can result in an unsuspecting individual slipping or tripping and falling on the ground, resulting in serious physical harm that can add up to hundreds of thousands in potential medical bills and costs of ongoing treatment.
While most slip-and-fall accidents might result in minor cuts and bruises, others can result in potentially fatal injuries that can prove catastrophic for the victims and their families. If you or your loved one gets involved in such an incident, you can sue the negligent party for the compensation of your financial and physical damages and emotional suffering. Consulting an experienced lawyer is one of the foremost steps to take after a slip and fall accident to ensure the protection of your legal rights.
Forms of Financial Compensation
As a result of a lawsuit against the negligent party responsible for your slip and fall accident and injury, the court might award you financial compensation for your damages if you successfully prove your claim. Financial compensation in most slip-and-fall lawsuits covers multiple forms of monetary damages resulting from the accident, including medical bills, lost wages, incidental expenses, costs of ongoing medical treatment and physical rehabilitation, occupational therapy, and more.
Compensation for Loss of Income
Besides medical expenses, loss of income comprises one of the biggest components of monetary compensation awarded in a majority of slip-and-fall lawsuits. If a working individual gets incapacitated due to their slip and fall injury, they might not be able to return to their job for the duration of recovery. Additionally, the recovery from their physical injuries might not be complete, which might entail a change of profession, one that could prove financially disadvantageous to them.
All these factors are taken into consideration when formulating a legal strategy for a slip-and-fall lawsuit. If you were employed at the time of your incident, the lost income is calculated by adding the amount for the days for which you were unable to work, i.e., the earnings you could have made if you were in perfect health and not injured due to the accident. The most common way to obtain this amount is to multiply the number of days and your average daily wage. It should be noted that this compensation also includes any potential bonuses, benefits, tips, incentives, and leaves of absence (vacation time, sick pay).
If you got injured in a slip and fall accident in New York, you might be able to sue the liable party to obtain compensation for your damages, including current and future loss of income. Your compensation will likely depend on the extent, severity, and permanency of your injuries. Hiring a qualified attorney for legal representation is highly advisable. A skilled lawyer will develop a winning strategy and help you obtain fair compensation for your damages.