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How Workplace Injuries Affect Personal Finances

While working, you could get hurt. However, the injuries may depend on the kind of job you do. For instance, slips and falls could happen in any environment. If you work in construction, you could get hurt by sharp or moving objects.

If your job is in a medical facility, exposure to harmful gasses and chemicals could severely affect your health.

If you’re a driver or do fieldwork in your company, you could get into an accident while conducting your duties. Besides that, you could also experience neck and back injuries if you work in an office due to sitting behind a computer for long hours.

If you’re a factory employee, repetitive motion injuries are also likely if your job involves performing one particular movement all the time.

Do You Need A Lawyer After A Workplace Injury?

Compared to a few years back, workplace injuries have reduced. It’s because, in many states, laws were developed requiring employers to provide a safe and healthy working environment for their workers. The said policies are still in place in many areas, and most companies are still careful to comply. Unfortunately, workplace injuries still occur, and in cases where the employer’s negligence caused the hurt, the law requires that they compensate the injured party. 

If you’re hurt while doing your job and your boss fails to offer you compensation, you’re allowed to sue them. However, you have to get a personal injury lawyer to fight for your case. To identify a good lawyer, ensure you choose a reputable, certified, and well-experienced individual. Also, choose a local professional who understands the law in your country or state. For instance, if you live in New York, you could consider hiring a lawyer from Terry Katz and Associates or other reputable law firms around you. Research online to find the best professional to work with or ask for referrals from loved ones if you stay in other locations.

Similarly, the portland workers compensation attorney can help you get the weekly payments for your treatment if you get injured in the workplace. They also fight for the injured workers to get back their position in the workplace or to compare the same in case the worker is unable to perform the former duties.

What Workplace Injuries Could Do To Your Finances

Workplace injuries can significantly impact your finances. In some cases, the effects can only be minor. However, in some instances, the harm caused can hugely disrupt your finances. It can be tough to recover on such occasions because you need the money to take good care of yourself or your family. In this article, you’ll learn about some of the financial losses that a workplace injury could cause. These could be avoided or minimized if you, as the hurt party, asked or sued for compensation.

Some of the ways your injury could affect your finances are:

1. They Could Cost You Hefty Treatment Expenses

The injuries you get will require you to see a doctor. Unless your employer caters for your treatment expenses, you might have to pay for consultation fees, surgery, therapy, or medications from your own pocket, depending on the type of injuries you got and their extent. If you were seriously hurt, you could need therapy or medications for a longer time. These could severely affect your finances as you might even have to use your savings or sell some possessions to cater to the hefty treatment expenses. 

Therefore, if your employer doesn’t offer you worker’s compensation after your accident or if they give you an insufficient amount, consider hiring a lawyer as soon as you can. Delays will lead to more financial losses that you can easily avoid with an attorney. However, if the case takes longer and you’re forced to use your own money for treatment, ensure you keep your receipts safely. They’ll serve as further evidence in your case and could help you get fair compensation. 

2. They Could Cause You To Lose Your income

Some workplace injuries can be severe. For instance, some could lead to a broken hand or shoulder, and others could cause a permanent back or neck issue. Such complications could make it hard for you to go back to work, resulting in a loss of income. This means that you might never be able to provide for yourself or your family as you once did.

Even though your company might offer you sick pay, the amount may be less than your regular income. Also, if you don’t recover within a specific time frame, the money may stop coming in. These two factors could cause hardship in meeting your medical needs. As a result, you might become stressed, which could impede your recovery.

3. They Could Cause You To Go Into Debt

A workplace injury could also get you into debt. For instance, you may be too hurt to go back to work or do anything to earn an income. This means it could be challenging for you to take care of your medical or household expenses. If you had savings, you might use them all or even end up selling some of your property to meet daily needs. Once you have nothing more left, you could start borrowing. If you have a mortgage or other loans, it could be hard to repay all debts collectively since it’s difficult to work due to your injury. 

Conclusion

Workplace injuries severely impact your finances. In this article, you’ve learned that they could cost hefty treatment bills, make you to lose your wages, and even leave you in debt. The law provides that if your employer’s negligence caused you to get injured while working for them, they should compensate you. If they don’t, you’re allowed to sue them to recover any damages or losses incurred. This way, you could avoid or minimize the financial strain resulting from workplace injuries.

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FinanceGABhttps://www.financegab.com/
Ajeet Sharma, the founder of Financegab and a well-known name in the field of financial blogging. Blogging since 2017, he has the expertise and excellent knowledge about personal finance. Financegab is all about personal finance which aims to create awareness among people about personal finance and help them to make smart, well-informed financial decisions.

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