How A Personal Injury Can Affect You Financially

A personal injury can affect people in a number of ways, of course, your health will be your first concern. But the financial effect of a personal injury shouldn’t be ignored and unfortunately many times it is.

A minor personal injury might mean you can get back to your normal routine within a month or if you’re lucky even a few weeks. But more serious personal injuries can have long wide-reaching effects, especially where your finances are concerned.

You might also find that unfortunately, people won’t be all too sympathetic to your plight either. After suffering a personal injury it’s easy to think well it’s only money at least it was nothing more serious but while your health is paramount and should be your first focus you can’t really ignore your finances, can you?

This is especially true if you have a family to support, despite the onslaught of personal injury adverts on television these days not many people will be thinking about the financial impact a personal injury can bring about.

But you should and that’s why you shouldn’t be put off from claiming compensation. Let’s take a more detailed look at how a personal injury can impact you financially and examine what you can do to help you get your finances back on track.

 

Time Away From Work

 

Unless you’re incredibly lucky you’ll likely be away from work for quite a while after suffering a personal injury. Now depending on where you work this can affect you differently, you will have sick pay but who knows how long you’ll get it for and you might also have health insurance.

However, the majority of people likely won’t be so lucky and even if you are that sick pay won’t last forever and getting money from insurance can take a while. Sure, if you have savings this could alleviate the financial burden for a while, but is it fair that you’re left out of pocket for an injury that wasn’t your fault?

When you look at the above situation it’s easy to see why people don’t like to think about their finances after suffering a personal injury isn’t it? An all too common mistake many people make or in some cases feel they are forced into is returning to work to quickly after suffering a personal injury.

You need to give yourself time to heal and recuperate after suffering a personal injury but with the added financial burden you could feel like you have no option but to return to work as quickly as possible. But you should never do this, which is why seeking compensation is so important and if you are having a lot of financial problems you should speak to the Citizens Advice Bureau as soon as possible.

 

Diminished Capacity

 

The next big financial difficulty you’re likely to face after suffering a personal injury is the very real possibility that you’ll have diminished capacity, but what does this mean exactly? Diminished capacity could impact you in a number of ways but when it comes to personal injuries it will likely mean that due to your health you won’t be able to do everything you used to be able to.

For example, if you work in an office and suffer an accident that injures your hands or arms you might have difficulty typing. That might mean that your old job might not be suitable for you anymore or you’ll only be able to work part-time.

This could be a temporary problem that will heal in time, but it could take years before it does and in more serious cases you could have a life-long disability. This could impact your finances in a wide number of ways if you have to work part-time then you won’t be bringing is as much money, will you?

And if you can’t return to your old job and have to find a new one then you’ll have even less money, won’t you? Plus, if you are left with a disability after suffering a personal injury then you might find it difficult to find another job. Of course, benefits can help alleviate this if you are entitled to any, but it’s added stress that anyone could do without.

 

What Can I Do About It?

 

So, that’s the main two ways your finances can be affected after you suffer a personal injury because we have a national health service in the UK you won’t have to factor medical bills into your finances, unless you decide to go private. But those two factors are problem enough on their own.

One thing you should make sure you do is make a claim for compensation depending on the nature of your injury, don’t worry you might be able to get help with this. If you’re injured at work and are a member of a union get in contact with them as quickly as possible because they may be able to take care of the legal matters for you. For more information about making claims visit Warriors For Justice.

The same applies for traffic accidents if you’re a member of a motoring agency and like we mentioned earlier talking to the Citizens Advice Bureau will be beneficial as well. But there is one other impact thing you need to think about as well when you’re claiming for compensation.

 

Your Pain And Suffering

 

You can think of your pain and suffering as the third impact on your finances when you’re claiming compensation the pain and suffering you feel and have endured are a major factor. You shouldn’t just be claiming for the money you’ve lost due to being out of work the trauma you’ve experienced is a big factor in what you’re owed.

This includes mental anguish as well, and while it might feel uncomfortable mentioning this when claiming for compensation it will ensure that you are sufficiently compensated after your injury. No amount of compensation will make suffering a personal injury worth it but it will help lessen the financial impact and help you find justice after suffering an injury.