After suffering a severe injury, you are likely in a lot of pain, worried about the bills piling up, and unsure of where to begin. These losses can deprive you of the ability to support or even care for yourself daily. If a person’s negligence caused the event that led to your losses, you have the right to hold them accountable.
There are civil laws in place to protect you from paying for the monetary consequences of another person’s careless actions. A skilled personal injury attorney at The Kryder Law Group knows these laws and could help guide you through them. Contact a seasoned Schaumburg catastrophic injury lawyer to begin your compensation claim.
What is Catastrophic Harm?
A catastrophic injury is severe and life-altering. The harmed party will have a long-term or permanent severe functional disability requiring years or lifelong medical treatment. The plaintiff and their close family members indefinitely suffer from this type of damage.
Some of the more common catastrophic injuries are to the brain or spine, which could lead to paralysis and death. However, the courts may also consider severe burns and disfigurement, traumatic amputations, internal organ damage, or the loss of hearing or sight as catastrophic. Any harm that has devastating consequences on a person’s life could fit into the category under civil law. If you are unsure of whether your injuries are considered catastrophic, connect with a knowledgeable Schaumburg attorney right away.
Compensation in Schaumburg Severe Accident Cases
The amount of compensation the court awards depends on the circumstances around the accident. The law categorizes the award amounts into economic and non-economic damages and could cover:
- Medical expenses, including the cost of ongoing care
- Rehabilitation costs
- The loss of income
- The loss of future earning capacity
- Pain and suffering
- Mental anguish
- Losing the enjoyment of life
- Permanent scarring and disfigurement
If a person’s negligent actions cause you to suffer catastrophic harm, the courts will hold reckless individuals financially accountable. A hard-working serious injury attorney in Schaumburg could investigate to collect evidence and prepare a solid claim for compensation.
Prejudgment Interest Statute
In 2021, the governor signed an amendment into law allowing interest on compensation to accrue while the action is in the process. Under Illinois Statute of Civil Procedure, 735 ILCS 5/2-1303, prejudgment interest accrues on catastrophic injury and wrongful death award amounts. The interest begins accruing at six percent when you file the claim for damages.
Per the statute, interest continues to accrue for up to five years after the filing date. Lawmakers signed the amendment into law to encourage lawsuit parties to settle. The defendant can limit interest accrual amounts by offering a settlement amount the plaintiff accepts. A catastrophic accident settlement attorney in Schaumburg could answer questions on the amendment and help calculate potential interest.
Call a Schaumburg Catastrophic Injury Attorney Today
Severe injuries require extensive medical care and long-term or permanent loss of pay. They are costly, and the insurance companies will work hard to reduce payout amounts.
For these reasons, you it is highly recommended to obtain a skilled legal professional at The Kryder Law Group to help you get the fair settlement amount needed. If a person’s negligent actions caused your damages, contact an experienced Schaumburg catastrophic injury lawyer to schedule a consultation now.