Published On: Tue, Jun 30th, 2015

The Effect Personal Injury Has on Your Finances

Sustaining an injury is never any fun, regardless of the amount of time off work and the compensation you may be entitled to. Some people say they’d love to take months off work with a broken leg, but in reality, coping is very difficult. Many people don’t realise that a personal injury can be a big drain on their finances, as well as affecting the way they live in a big way. If you’re interested to find out in what way your finances could be affected, read on to learn more….

A knife and its victim

Regardless of whether a personal injury is life threatening or not, it can have a huge impact on your life and finances. You might need to take time off work, for example. This costs you money, and puts you at risk when it comes to your career. Not only that, you may need to pay extensive bills for things like rehabilitation and physiotherapy to get you back on track. This isn’t fair when an injury isn’t your fault!

You shouldn’t look at a personal injury with dollar signs in your eyes like some. However, you should definitely ensure you’re being compensated fairly so that you can get your old way of life back. Even if your life will never be the same, it’s essential you go for compensation so that you can support yourself. There’s nothing worse than having your life turned upside down by a personal injury, and compensation can help you to get back on track.

Depending on your injury and job, you may be entitled to benefits that could help you. Still, it’s possible that your income will plummet while your expenses go sky high. The stress of it all is enough to set back your recovery time and cost you even more money! Again, not fair when you’ve had an injury that isn’t your fault.

Don’t panic if you’re injured at work either. Some people are worried about affecting the company’s reputation when making a claim, but they will have insurance for circumstances like this. Remember, the law exists to keep you safe, so you won’t affect your chances of getting another job if you need to! If you’re worried that your employer is trying to sabotage your prospects or job, then there are professionals that can help you. A personal injury attorney could be just what you need to give you advice and put you on the right track. Your employer legally can’t sack you or try constructive dismissal. It’s your right to be compensated for an injury at work, and to be treated fairly. Keeping quiet isn’t a good idea – your situation might not be an isolated instance, and many other employees could be affected. The best thing to do is to make a claim and speak to the relevant authorities.

Again, circumstances change depending on how you were injured and what your injury entails. However, a professional injury attorney should always be able to point you in the right direction, regardless of situation.