One In Four Suffer Personal Injury: How Can Forensics Accounting Help?

One In Four Suffer Personal Injury: How Can Forensics Accounting HelpNew statistics have revealed just how common personal injuries are – with one in four people in the UK having suffered one – as well as what types of claim appear more often than others.

A YouGov poll has found that road traffic accidents (RTAs) make up 50 per cent of personal injury claims, while accidents in a public place, including shop premises and public highways (but not RTAs) account for 21 per cent. Accidents in the workplace came in third on the list of personal injury claims, accounting for 16 per cent.

There are risks of getting hurt in all aspects of life, whether it is sitting on the sofa watching TV or cycling to the shops for some milk. Importantly, personal injury claims arise when someone is hurt because of the fault of another individual or organisation – that is why the most common types of claims are all in very public places where there are lots of other people whose actions will directly affect a person’s own safety.

The forensic accounting experts at Frenkels Forensics have worked on a huge number of personal injury claims for both claimants and defendants. This is because the difficulty of these case is not simply deciding who is at fault, but determining the financial repercussions associated with the injury.

Whichever side Frenkels Forensics is called upon to represent, the company’s experienced forensic accountants take a holistic look at the personal injury claim and ensure the correct amount of compensation is rewarded – this provides justice for the victim and stops the defendant paying more than is rightfully owed.

Among the things that the forensic accountants must assess are: healthcare costs, loss of earnings, lost pensions or reduced quality of life. If the accident is fatal then additional considerations must also be made to ensure the right compensation is paid.

Ultimately, with the statistics highlighting that as many as one in four adults in the UK has suffered from a personal injury, it is vital that claimants and defendants have the right team behind them to get the correct result.

For expert help in making or defending against a personal injury claim, contact Frenkels Forensics for an independent appraisal.

Alternatively, if you’re looking for advice in any aspect of forensic accountancy, then do get in touch via Twitter, Google+, LinkedIn or by visiting our website

By Vitek Frenkel – find me via Google+.

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