Whether a catastrophic injury was caused by a serious car accident, a fall from height, or medical negligence, it often results in permanent disability, loss of independence, and overwhelming medical expenses. When your future is suddenly uncertain, receiving payments in a Chicago catastrophic injury case can make the difference between struggling to survive and having the resources to rebuild your life.
At Kaveny + Kroll, we know that financial recovery is about more than covering medical bills—it is about securing your future. Our attorneys combine decades of legal experience with compassionate, one-on-one support to help you obtain the compensation you deserve.
Understanding Catastrophic Injury Compensation
A catastrophic injury leaves you with long-term or permanent consequences. These injuries often require extensive medical care, so compensation is designed to cover far more than short-term expenses. In Chicago, payments in catastrophic injury cases may include both economic damages (such as medical costs and lost income) and non-economic damages (such as pain, suffering, and loss of quality of life).
How Are Payments Determined?
The amount you recover after a catastrophic injury in Chicago depends on the unique details of your case. Factors that influence payment amounts include:
- Severity of the injury—the greater the impact on your ability to live and work independently, the higher the potential compensation
- Medical costs—these include emergency care, surgeries, rehabilitation, medical equipment, and lifelong, ongoing treatments
- Loss of income—lost wages and reduced earning capacity are considered if your injury prevents you from returning to your job or forces you to take a lower-paying position
- Pain and suffering—serious injuries also take a toll on your mental and emotional well-being
Our team works closely with medical professionals, life care planners, and financial experts to calculate the full scope of your losses so you are not left with unpaid needs in the future.
Payment Options—Lump Sum or Structured Settlement
When it comes to receiving payments for a catastrophic injury in Chicago, you may have a choice between a lump sum and a structured settlement. In a lump sum payment, you receive the entire compensation at once, giving you immediate access to funds for large expenses, debt repayment, or investment. In a structured settlement, payments are made in installments, which can provide long-term financial stability and help ensure funds are available for ongoing needs.
Each option has advantages and drawbacks, with the right choice depending on your personal circumstances. Our attorneys will help you understand the financial implications of each so you can make an informed decision.
The Role of an Attorney in a Catastrophic Injury Case
Insurance companies in Chicago often try to minimize payouts, even in catastrophic injury cases. Without legal guidance, you may be pressured into accepting a settlement that falls short of your needs.
At Kaveny + Kroll, we stand up to insurers and fight for the maximum possible settlement, whether through negotiation or trial. We review every case with a full-time registered nurse to identify the long-term medical implications of your injury and ensure those costs are accounted for in your claim.
Call Our Chicago Lawyers for Help Getting the Payments You Need & Deserve After a Catastrophic Injury
When your life has been forever altered, financial security becomes essential. Receiving payments in a Chicago catastrophic injury case is not just about covering today’s bills. It is about ensuring you have the resources to meet tomorrow’s challenges.
Our attorneys provide the experience and dedication you need to move forward. Call Kaveny + Kroll today to discuss your case.