Because the situations that lead to personal injury cases are so varied, there are no listed average settlement amounts. However, award figures can range from nothing to millions of dollars.Continue Reading
Personal injury is defined as damage to a person's physical, mental or emotional nature, as compared to property damage. Such injury can result from auto or other vehicle incidents, accidents on worksites, injury due to medications, defective products, animal attacks and many other situations in which someone is injured. Some websites, like Wayne Hogan's personal injury law site, offer a listing that provides readers with examples of settlement amounts. However, it is important to remember that the amounts offered are specific to those cases and do not reflect the nuances of the components of a settlement. For example, none of the figures reveal defendant assets, time of incident, length of settlement period or whether the amounts represent a typical settlement for that firm.
While there are few statistics on settlement amounts, The Law Dictionary suggests that 95 percent of cases are settled and do not go to court and that of the 5 percent that do, 90 percent of those cases lose. It is important to remember that it is difficult to estimate settlement amounts because of the variation in details, damages, types of injury and other factors in every case.Learn more about Law