The general principle of personal injury compensation in Ireland is that an award should restore the injured party to the economic position they occupied prior to sustaining their injuries. This also takes into account potential future losses due to the injury, for example loss of earnings.
Personal Injury Compensation Awards in Ireland
The 2008 statistics for personal injury compensation awards in Ireland tell us that the average personal injury compensation award was €69,715, which was up by 4.7% on the previous year. The highest award was €582,932
These figures only represents awards offered via the Injuries Board. Many people opt not to accept Injuries Board suggestions, and receive a higher award in either an out of court settlement, or by taking their claim to the courts.
Personal injury compensation in Ireland has become even more complicated since the creation of the Injuries Board which added another layer of bureaucracy for victims to deal with.
It is therefore vital that you discuss your personal injury claim with an experienced personal injury solicitor at the earliest opportunity, so that you clearly understand the best approach to take.
We offer a free advice service so that you can talk to an expert solicitor without obligation, in order to clearly understand the best approach to take to protect your rights and maximise your claim.
How is Personal Injury Compensation Calculated in Ireland?
In Ireland, as in most countries, personal injury compensation is quantified by reference to the severity of the injuries sustained, and the actual impact they have on the victim.
Financial losses are normally simple enough to work out, however in a few complicated cases we sometimes use an expert accountant or actuary to quantify your losses. This is especially relevant to future loss of earnings and pension entitlements. Previous awards are often taken into account which is how we can tell you the approximate value of your claim quite early on. Other factors include:
1) Your age – so for example if you have a permanent injury the longer you have to live with the consequence, and the larger the compensation needs to be. With an accident that leads to death, the younger the deceased, the larger the claim will be by a spouse and dependant children.
2) Your injuries – as already mentioned solicitors often use past cases, known as precedents, to establish a value for your injury. In Ireland we have a “Book of Quantam” which outlines the value of specific injuries. A comprehensive medical report often plays a vital part of receiving a sufficient settlement. The more detail, the easier it is to assess the damage.
3) Personal factors – we all have different personalities and no two people are effected by an accident in the same way. For example some people will recover quickly from their physical injuries but there could be psychological damage that goes on for a long time. Imagine if you needed to drive for work, but the accident made you to afraid to drive.
If you would like to know what you are likely to receive, or any other free advice about your claim please call our advice line now. Or if you cannot speak now please fill in one of our forms on this page, and we will call you back at a time that is convenient.
How is Personal Injury Compensation Taxed in Ireland?
In Ireland, income from a personal injury compensation payment is generally taxable. Specifically , if the compensation is as a result of minor injuries, or where the injuries were permanent but do not prevent you from maintaining yourself.
However, there is a full tax exemption where the injured party is permanently and totally incapacitated, either physically or mentally from maintaining himself or herself.
The Best Way to Handle Your Personal Injury Compensation Claim
Without exception, if you or a loved one have been injured in an accident that was not 100% your own fault, then you are probably entitled to compensation. The best way to claim this is by using a solicitor who specialises in personal injury and who has a long track record of success.
Before deciding to pursue your claim you can call us to talk to a solicitor who is very experienced in all injury compensation matters.
What can you Expect?
We will listen to you as you tell us about your claim in complete confidence. We can normally tell you quickly if your claim is worth pursuing, the likelihood of your succeeding, and what will be involved in the claims process, including how long it usually takes.
We can also tell you the general level of compensation for your injury, and if there are likely to be any costs involved.
The result of the call is advice about what you should consider doing next.
Right now, the easiest next step is to call our solicitor advice line.
If you cannot speak to us now, simply fill in the contact form below to request a call from us at any time that is convenient for you.