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How Personal Injury Compensation Differ from Employees’ Compensation

Do you know the difference between personal injury compensation and workers’ compensation? If you want to know more about it, then peruse this website further.

Yes, there are lots of men and women who discussed about these types of compensations but only a few know the difference between the two. Most often, the two are mistakenly associated with each other or as treated the same. If you are one of them, then it is timely that you get more info. of it in this website.

Knowing the Definition of Workers’ Compensation and Personal Injury Compensation

Employees’ compensation is the obligatory insurance indemnification that companies give to workers who got injured and encountered accidents while performing their jobs. Meanwhile, personal injury compensation is the payment given to individuals when they got injured by another person in an accident. They pay not just the cost of hospitalization and medications but also the number of work days lost. According to statistics, employers report approximately 2.9 million work-related and nonfatal complaints and injuries in 2019. To put it simply, the compensations or claims that you file will depend largely on the factors that caused your injuries or accidents. Keep in mind that both differ not only in meaning but also on the manner on how you file the claim but also in getting the compensation. Apart from the ones discussed beforehand, they differ in lots of things and these are further discussed underneath.

How They Differ?

Companies furnish not only money but also medical benefits to their workers when they got injured, sick or hurt while at work. Meanwhile, employees are mandated by law to give compensation to their dependents in case they die during these accidents. In this situation, compensations are given regardless of who is at fault.

Meanwhile, personal injury is different because the injured person will file lawsuit in the civil court to determine whose at fault during the injury or accident. In such case, the injured men and women had to prove that guilt of defendants of negligence that result to the accidents.

The compensation received by employees are based on their average salaries. Nevertheless, the money received by injured individuals are largely dependent on the severity of injuries or harms they received. At some cases, personal injury victims also obtain punitive damages from defendants so as to discourage recurrence of these incidents.

If victims of personal injuries can readily file claims and lawsuits at courts, then this is the opposite of workers’ compensation.

Regardless of what type of compensation you are filing, it is important that you hire accredited, licensed, experienced and dependable lawyers to help with your case.