According to the Centers for Disease Control and Prevention, in 2005 fatal car crashes in North Carolina resulted in costs of $1.5 billion. According to that study, which was discussed in an earlier blog post, medical-related costs constituted $18 million of the total loss while work-loss costs were an astounding $1.48 billion. This statistic shows that in addition to the emotional impact of the loss of a loved one, a fatal accident can severely affect survivors financially.
According to the CDC report, work loss costs are calculated by adding salary and fringe benefits that a deceased person would have earned had he or she lived their expected life span as well as the value of household work the average person of the same age and sex performs for life. This calculation shows the work loss due to the death of a young person is greater than work loss for an older person.
The experienced personal injury and wrongful death lawyers at our law firm understand these factors and how they apply to damage calculations in a personal injury or wrongful death lawsuit. Our firm represents our clients with the intention of obtaining the maximum compensation possible under the circumstances of the injury or wrongful death.
With more than four decades of combined experience with personal injury and wrongful death cases in and around Raleigh, North Carolina, we are well-equipped to handle the most complex of cases. Our many successful cases have resulted in high payouts amounting to hundreds of thousands and even millions of dollars.