Tuesday, May 22, 2012 at 9:48AM
We always talk about planning, saving, and preparing as a means to achieving our goals and aspirations. Sometimes things happen that can steer those plans off course. If you are one of my students then you know that I am constantly saying – life happens. When life happens even the best plans can catch a snag or in the worst case be derailed entirely. Having a plan is great but having the foresight and ability to come out of a negative with a handful of positives is even better. One unexpected in particular is recovering from some kind of accident.
Accidents can happen in any environment you can think of, but their causes do vary. It’s not just the moving vehicle variety that can slow you down. They could happen at home, in the office, in a supermarket or even in traffic, but if they do, there’s always a possibility that you could become injured after it happens. That can definitely put a kink in your plan. If you aren’t injured (which is hopefully the case) there will always be costs – opportunity, time, money, etc. It can be stressful but with a bit of help you can keep your plans moving with as little disruption as possible. Remember even in tough times – the goal should be to act as efficiently as possible. First thing, instead of wondering what to do, you should find someone to help act as your fiduciary. Someone to act as your fiduciary or support is important and will allow you to focus on your family or the rest of your plan. This is where there could be the possibility for a positive to come out of a negative. With help from experts like First4Lawyers, you could find that compensation for your illness or injuries could be yours, but how do you know if you’re entitled to it?
The main thing about knowing whether you’re entitled to compensation is whether the accident was caused by another party. There are several scenarios where, if the accident was because of someone else’s negligence, then you are entitled to make a claim. For example, if you were involved in a collision on the road where another driver smashed into your car, giving you an injury such as whiplash, then you can make a claim. Other incidents such as slipping on a wet floor when you weren’t notified of the risks involved can also give your reason to make a claim.
If making a compensation claim, there are some more things to take into account such as who’s at fault, how the injury you picked up will affect you physically and how, if at all, it will affect your finances. If you know who was to blame for your injury, have suffered a loss of earnings and face any additional costs for healthcare, then your claim has a realistic chance of being successful, while the compensation won can meet the costs faced in the aftermath of the injury.
One of the biggest components to getting your plan back on track is keeping organized. These incidents can happen in the blink of an eye and take time to recover from. So, even with the help of a fiduciary, it’s important that you keep records straight.
No one likes or should be looking for something bad to happen. If it does though you don’t have to fight it alone and it shouldn’t undo all your hard work up until that point. The more organized you are the more efficiently everything can be played out. I am not advocating that you go out and look for somewhere shiny to slip and fall but, everything has a cost. It’s important that you can recover from those costs and move on. It’s definitely not a lottery but a bit of a windfall can help get your plan back on track and possibly even give it a leg up.