What is the maximum amount of compensation I can receive for a third-party liability claim?

In Washington, the maximum amount of compensation you can receive for a third-party liability claim in an industrial accident is determined by the amount of economic, or monetary, damages you have suffered. Economic damages, commonly referred to as special damages, are those that have a cost associated, such as medical bills, lost wages, and damage to property. Non-economic damages, or general damages, are those without an associated cost but can still cause you harm, such as physical injury, emotional distress, and pain and suffering. The amount of compensation you may be entitled to will depend on a variety of factors, including the severity of your injuries, the amount of lost wages, and any other economic damages you suffered. The more severe your injuries and damages, the more compensation you may be able to recover. Additionally, Washington’s “comparative fault” rule means that your compensation payment may be reduced depending on how much fault you had in causing the accident. When calculating the amount of your compensation, be sure to include all of your damages, both economic and non-economic. If your damages total more than $50,000, then the maximum amount of compensation for a third-party liability claim in an industrial accident in Washington is $50,000. If your damages total less than $50,000, then you may be able to receive the full amount. It is important to note that the compensation awarded can vary depending on the facts of your case, so it is wise to consult with a knowledgeable attorney to discuss the specifics of your situation.

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