What You Should Know about Financial Compensation
If you have been injured in an accident because of someone else’s negligent actions, you may be facing a number of new challenges physically, mentally, and even financially. This is especially true if your injuries require extensive medical care or have left you disabled and unable to work. Fortunately, you can fight to recover financial compensation to help pay for these expenses by filing a civil lawsuit. However, there are some issues regarding financial compensation that it is important for you to understand before taking action.
As the victim of another party’s negligence or recklessness, do not hesitate to seek legal counsel regarding the options that are available to help you seek appropriate financial compensation. Contact the Nashville personal injury lawyers of Pohl & Berk, LLP, at 615-277-2765 today to schedule a free consultation.
Understanding Financial Compensation
If you are successful in your case and receive compensation, there are many things about which you should be aware. A skilled legal representative can help explain these rules to you and how they may affect your particular case. These issues include the following:
- The defendant may be required to compensation in one lump sum or over time
- Financial compensation is not subject to income tax if awarded for compensatory damages
- In some cases, there is a limit on the amount that may be awarded
- If both parties agree, compensation can be paid by a third party
You should not be left to pay for medical expenses and other considerations that arise due to another party’s negligence. Contact the personal injury attorneys of Pohl & Berk, LLP, by calling 615-277-2765 to learn more about your legal rights and options in the aftermath of such an incident.