Do you know the difference between personal injury compensation and workers’ compensation? Should you be interested to learn more about it, then read more here!
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!
Knowing More About Personal Injury Compensation and Workers’ Compensation
Workers’ compensation is the term used to described the compulsory insurance payment given by employers to employees when they got injured or encountered accidents while performing their duties. On the other hand, personal injury compensation is the money paid to men and women who got injured by another individuals in accidents. They pay not just the cost of hospitalization and medications but also the number of work days lost. 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. Keep in mind that both differ not only in meaning but also on the manner on how you file the claim but also in getting the compensation. Other than the ones mentioned awhile ago, there are other things in which they differ and these are discussed underneath.
What Are the Difference Between the Two?
Business enterprises provide medical benefits as well as money to employees when they fall sick or got hurt while performing their employment duties. In case the employees die during the accident, then their employers will give compensation to their dependents. No matter who is responsible for the injury or accident, compensations are given by employers.
Meanwhile, personal injury is different because the injured person will file lawsuit in the civil court to determine whose at fault during the injury or accident. 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. But, the compensation received by those who filed for personal injury claims are dependent on the severity of harm or injuries inflicted on the person. At some cases, personal injury victims also obtain punitive damages from defendants so as to discourage recurrence of these incidents.
Personal injury victims can easily file their lawsuits and claims but employees cannot easily file lawsuits against their employers when they file for employees’ compensation.
Whatever the case may be, be sure to hire reputable and experienced lawyers to help you out.