If you are attempting to recover compensation through a premises liability lawsuit, you will likely be wondering how much money you can expect to recover from the liable party. Unfortunately, there is no meaningful average settlement recovery for a premises liability lawsuit. These cases vary significantly, and the amount of money you can recover will depend on many factors.
At Vaughan & Vaughan, we have helped clients recover a wide range of settlements in premises liability cases. The details of your case will dictate how much you can expect to recover, and our team can calculate an accurate estimate. Reach out to us today for a free consultation with a personal injury lawyer from our team.
Factors Considered When Determining the Value of a Premises Liability Case
When determining how much money your premises liability case is worth, there are many factors that must be considered. The value of these cases can vary significantly depending on:
- The severity of your injuries
- Whether your injuries prevent you from working
- Your employment status and profession at the time of your injury
- Whether you are able to return to work after recovering
- The extent of damage to your personal property
- The actions or inaction of the at-fault party
- Whether or not you were partially responsible for the accident that resulted in your injury
Because of the significant differences between a minor and a major premises liability accident, the amount of money that can be recovered can range from the low thousands to over a million dollars.
When you hire an experienced premises liability attorney, they will review the damages you sustained and the circumstances of your case to give you an estimate of how much money you are likely to recover.
Damages You Can Recover in a Premises Liability Settlement
After suffering a premises liability injury, you will likely be eligible to collect several types of damages. To recover the maximum compensation to which you are entitled, it is critical that you identify all the damages that apply to your case. An experienced premises liability attorney can help you determine which damages you qualify to claim.
All available damages in premises liability cases can be divided into one of three categories.
Economic Damages
Economic damages are used to compensate accident victims for any losses they sustained that had an impact on their financial situation. These damages are awarded both for any money you are forced to spend as a result of your accident and for any income you are unable to earn. The economic damages most often recovered in premises liability cases include:
- Lost wages
- Decreased earning ability
- Medical costs
- Future medical bills
- Property damage
Non-Economic Damages
Non-economic damages serve as compensation for all other losses resulting from your premises liability accident. Non-economic damages tend to be deeply personal and are often irreplaceable. The non-economic damages most often recovered in premises liability cases include:
- Mental anguish
- Pain and suffering
- Permanent disability
- Diminished quality of life
- Loss of consortium
- Emotional distress
Punitive Damages
Punitive damages differ significantly from the compensatory damages reviewed above. Rather than serving as a means of replacing losses suffered by the injured party, punitive damages are used to punish the at-fault party for causing the accident.
A judge will only award punitive damages in extreme situations. For your case to qualify, the liable party must have acted with the intention of causing harm or criminal negligence.
Those Who Hire an Attorney Typically Recover Far Larger Settlements
Hiring a premises liability attorney to help you get the money you need after an accident will likely result in a far more favorable outcome for your case. An experienced lawyer will be able to accurately evaluate the worth of your personal injury claim. Additionally, they will build a strong case on your behalf to give you the leverage needed to negotiate a substantial settlement.
Even after your case concludes and you pay your attorney their fee, you will likely walk away with far more money than you would have had you attempted to represent yourself.
Reach Out to an Experienced Premises Liability Lawyer Today
With the right attorney by your side, you can rest assured that your legal case is in good hands. This knowledge will allow you to focus on your health while your lawyer works to get you the money you need and deserve. At Vaughan & Vaughan, our team is ready and waiting to help you recover a favorable settlement for your premises liability lawsuit.
Contact us today by giving us a call or completing our online contact form and schedule your free case review with a member of our legal team. There is no obligation to retain our services, so don’t hesitate to get started today.
