Nerve damage can have a lasting impact on your ability to live your life the way you want.
Nerve damage settlement lawsuits can provide compensation to accident victims.
If you are such a victim, you may wonder, What is the average payout for nerve damage?
At Poulos & Coates, LLP, our experienced attorneys have successfully obtained compensation on behalf of countless clients.
With our help, you can effectively pursue a sciatic nerve damage settlement, peroneal nerve damage settlement, or pinched nerve settlement to ensure you are fairly compensated for what you have been through.
How Do Courts Determine the Average Payout for Nerve Damage?
According to a 2017 study, the average payout for all medical malpractice claims between 2009 and 2014 was $354,473.
However, the available compensation in a nerve damage lawsuit typically depends on a few factors.
First, as a general rule, the more severe a victim’s injuries, the higher the amount of compensation they can recover.
Also, where the nerve damage is located matters because damage in certain areas may be more challenging to live with.
For example, consider two people suffering from nerve damage. Joe has sciatic damage that negatively impacts approximately half of his body in his back and lower extremities.
Jane has nerve damage that affects her left hand, and she is right-handed.
Joe’s sciatic nerve damage settlement may be more significant than Jane’s settlement for nerve damage in her hand. But keep in mind that there are always exceptions.
For instance, if Jane was a world-renowned concert pianist, her losses might be valued more highly.
Generally, when assessing the severity of an injury, your lawyer would assess the following potential damages:
- The cost of all reasonable necessary past and future medical treatment;
- How much work you have missed in the past;
- When you can return to work, if ever;
- Any long-term effects of the nerve damage;
- How your nerve damage affects your day-to-day life; and
- The extent of pain and suffering you are experiencing.
Second, whether your actions played a role in causing your nerve damage can impact nerve damage settlement cases.
For example, if an insurance company faces a pinched nerve settlement claim, the insurance company will offer less money if the claimant’s actions contributed to their pinched nerve.
Finally, if a defendant acted with “willful or wanton” conduct, you may be eligible for punitive or exemplary damages, which can greatly increase your recovery amount.
Punitive damages are intended to punish a defendant for their particularly egregious actions. However, punitive damages are only available in limited and rare situations.
Have You Suffered Nerve Damage After a Medical Procedure?
If you or a loved one suffer from permanent nerve damage due to a medical provider’s negligence, you may be entitled to financial compensation.
At the New Mexico medical malpractice law firm of Poulos & Coates, LLP, we have more than 70 years of combined legal experience handling all types of nerve damage cases.
We can help you pursue a peroneal nerve damage settlement, phrenic nerve damage settlement, or a settlement for any other type of nerve damage you sustained.