Have you ever questioned yourself on how workers’ compensation differ from that of the personal injury compensation? Should you be interested to learn more about it, then read more here!
For sure, you have heard lots of individuals talking about workers’ compensation and personal injury compensation but not all are aware about it. 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.
Employees’ compensation is the obligatory insurance indemnification that companies give to workers who got injured and encountered accidents while performing their jobs. Personal injury compensation is the legal term used in describing the money paid to those men and women who encountered accidents or got injured by other individuals. They pay not just the cost of hospitalization and medications but also the number of work days lost. Statistics reveal that there are around 2.9 million work-related and nonfatal complaints and injuries in 2016 alone. Whenever you are injured while performing your tasks in the company, you need to file either personal injury or workers’ compensation claims, depending on the factors that caused the injuries. Always remember that each has its own procedure in filing and in obtaining payments. Apart from the ones discussed beforehand, they differ in lots of things and these are further discussed underneath.
Unveiling the Difference Between Personal Injury Compensation and Employees’ Compensation
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.
Personal injury, the injured individuals filed their lawsuits at the civil courts to formalize their claims and to determine who’s at fault in the incident or injury. In here, injured individuals must prove the guilt of the defendant for their negligence.
The amount of money received by employees who filed for workers’ compensation is dependent on their salaries. However, the money received for those who filed for personal injury claims are based on the severity of the injuries or harm done. At some cases, personal injury victims also obtain punitive damages from defendants so as to discourage recurrence of these incidents.
Personal injury victims can easily file their lawsuits and claims but employees cannot easily file lawsuits against their employers when they file for employees’ 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.