A construction accident settlement can be worth as much as tens of thousands to millions of dollars. The amount is typically based on the severity of your injuries. Minor injuries are worth less, while catastrophic injuries and wrongful death cases often exceed $1 million.
If you are waiting for a settlement in a construction accident lawsuit, our construction accident pre-settlement funding can help you make ends meet. We’ve provided more than $500 million in legal financing for injured accident victims.
To be eligible, you must be involved in a personal injury lawsuit for a construction accident injury. Some workers’ compensation cases may be eligible if they involve a third-party defendant. If you have any questions about your lawsuit eligibility, be sure to consult with your attorney.
What Determines the Value of a Construction Accident Case?
The value of your construction accident lawsuit depends on many different factors, including the severity of your injuries, the extent of your financial losses, and the strength of the evidence showing negligence.
An experienced attorney can thoroughly investigate your accident, identify all responsible parties, and gather the documentation needed to accurately assess and maximize your economic and non–economic damages.
Your Medical Expenses
Your medical expenses are a major factor that determines the value of your lawsuit. Higher medical expenses generally increase the overall settlement or verdict amount in construction accident cases. This can include:
- Doctor visits
- Emergency treatment
- Hospital stays
- Surgery
- Rehabilitation
- Medications
- Assistive
Future medical needs can significantly increase the value of your claim. In assessing compensation, courts look at the cost of all anticipated long-term treatment, rehabilitation, medications, and ongoing care you will likely require throughout your lifetime.
Economic Damages
Your compensation usually includes wages lost during your recovery and your reduced future earning potential. If you face a permanent disability or cannot return to construction work, it can significantly raise your total compensation amount.
Pain and Suffering
Pain and suffering awards cover physical pain, mental anguish, emotional distress, and loss of enjoyment of life caused by the accident. These non-economic damages often make up a significant part of construction accident settlement amounts.
Insurance Policy Limits
Insurance limits can impact how much you can recover in a construction accident lawsuit. Even strong cases might be limited by coverage unless multiple parties share responsibility. Your legal team can identify all policies and work to increase your compensation.
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Punitive Damages
Economic and non-economic damages are referred to as compensatory damages. These are intended to directly compensate you for the financial, emotional, and psychological hardships you’ve suffered as a result of your accident.
In some cases, a court may also award punitive damages in a personal injury case. These are meant to punish the defendant in circumstances where they acted recklessly, illegally, or with tremendous negligence.
Both types of damages may factor into your personal injury case and influence the amount of your award. Your attorney can advise you on how each type of damage may apply to your specific claim.
Liability in a Construction Accident Lawsuit
Liability plays a major role in determining the compensation available in a construction accident case. The more clearly you can show who was responsible and how their actions contributed to the accident, the stronger your claim becomes. Construction sites often involve several parties, such as:
- Contractors
- Subcontractors
- Property owners
- Manufacturers
- Equipment companies
- Site managers
When multiple parties are liable, it can increase the total available insurance coverage, which often leads to higher settlement potential. The clearer the negligence, the greater the likelihood of securing a substantial settlement or verdict.
Types of Accidents
The type of accident you were involved in can influence your case value. Certain incidents cause more severe injuries. Falls from heights, scaffold failures, trench collapses, crane accidents, electrical shocks, and machinery malfunctions often produce high-value claims.
These accidents frequently involve safety violations or equipment defects, or happen due to breaches of OSHA construction industry guidelines. When an accident results from a safety violation, it reinforces the evidence of negligence and boosts the chances of obtaining higher compensation.
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Factors That Increase a Construction Accident Case Value
High-value construction accident cases typically arise when your injuries profoundly and permanently affect your life. Examples of situations that result in large awards in a construction accident lawsuit include:
- If you’ve suffered catastrophic harm, such as permanent damage to your spine, brain, or limbs.
- If your injury prevents you from returning to heavy labor or earning at your previous level, the resulting loss of potential income over your lifetime greatly increases your case’s value.
- The presence of clear negligence, such as violations of safety standards, inadequate supervision, or the use of unsafe equipment, can increase your claim.
- Thorough documentation and medical records can make a strong case and give you a better chance of receiving the maximum award.
Your pre-settlement funding consultation is free — contact us today!
Funding Your Construction Accident Lawsuit
A construction accident lawsuit can be worth millions of dollars in some cases. Your attorney can show the extent of your injuries and the toll the accident has taken on your life. In many situations, an insurance company will prefer to settle your case out of court.
However, even if your attorney is relatively certain you will win a large settlement or award, construction accident lawsuits take time. You may need to wait months or years before you see any compensation. Meanwhile, you’re unable to work, and you still have bills to pay.
Pegasus Legal Capital can help. Our work-related injuries and lawsuit funding can put money in your pocket so you can pay your expenses while your lawsuit plays out. Often, we can get you the funding you need in less than 48 hours. Call today for a free consultation.
Your pre-settlement funding consultation is free — contact us today!