It makes perfect sense to purchase injury insurance because you never know what's around the corner. If you suffer a personal injury, you could be out of work for a while, and if you're a small business owner this could hit you hard in the pocket.
It's important to fully understand your injury insurance so that if the day ever comes where you do get hurt, you'll be certain of how much money you're entitled to. Many people who have injury insurance don't receive their compensation in full because they don't fully understand the terms of their insurance policy.
In general, the more serious your injury is, the more compensation you can expect to receive. If you sprain an ankle the chances are that you won't be looking at a major payout, but if you are seriously hurt, and have injury insurance, then the sky's the limit on what you could receive.
If you're involved in an accident that is caused by somebody else, you could be entitled to compensation that doesn't affect your injury insurance policy.
All personal injury claims are different. For serious injuries that are looking at a substantial payout, a lengthy court case might have to be navigated before you receive your compensation. It's highly recommended that you enlist the help of a good lawyer with experience of personal injury claims.
If you've been involved in a minor accident and aren't seriously hurt, you might be able to negotiate independently without the need of lawyers and court cases.
The most important thing is to have injury insurance. Without it you're taking a massive gamble.
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