Enter your medical expenses, lost wages, and pain and suffering into the calculator to determine your total compensation.
Compensation Calculation Formula
The following formula is used to calculate the total compensation from an accident:
Total Compensation = Medical Expenses + Lost Wages + Pain and Suffering
Variables:
- Total Compensation is the total amount you are entitled to ($)
- Medical Expenses are the costs incurred for medical treatment ($)
- Lost Wages are the earnings lost due to the inability to work ($)
- Pain and Suffering is the compensation for physical and emotional distress ($)
To calculate the total compensation, add up the medical expenses, lost wages, and pain and suffering amounts.
What is Accident Compensation?
Accident compensation refers to the financial recompense awarded to individuals who have suffered injuries or losses due to an accident. This compensation aims to cover medical expenses, lost wages, and non-economic damages such as pain and suffering. Proper calculation of accident compensation is crucial to ensure fair and adequate recovery for the affected individuals