The Difference Between Workers’ Compensation and. Personal Injury Compensation Lawsuits
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. Some individuals out there who regarded workers’ compensation and personal injury compensation as the same. In case you are curious about the two, then read more of it now!
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. Those responsible for these accidents are mandated to pay the injured individuals not only of their medicines and hospital bills but also the number of days they are absent from work. Studies show that private companies reported around 2.9 million nonfatal and work-related complaints and injuries in the year 2019. To put it simply, the compensations or claims that you file will depend largely on the factors that caused your injuries or accidents. Always remember that each has its own procedure in filing and in obtaining payments. Other than the ones mentioned awhile ago, there are other things in which they differ and these are discussed underneath.
How They Differ?
Business enterprises provide medical benefits as well as money to employees when they fall sick or got hurt while performing their employment duties. 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.
In employees’ compensation, the amount of benefits is largely dependent on their average salary. However, the money received for those who filed for personal injury claims are based on the severity of the injuries or harm done. In certain instances, victims of personal injuries also get punitive damages to prevent recurrence of their wrongdoing.
It is difficult for employees to sue their employers whenever they file for workers’ compensation but injured men and women can easily sue defendants for the injuries and harm they obtain during accidents.
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.