What Is the Average Settlement for a Bicycle Accident?

The average settlement for a bicycle accident is not a publicly available figure. You cannot know the verdict of every case, so, therefore, “average” settlement figures would be misleading.

Still, even if you knew them, they would not be relevant to your case. Damages in bicycle accidents can vary drastically, as no two victims experience injuries in the same way. Therefore, the value of your settlement depends on the unique circumstances of your case, and our team can help you account for each damage.

Factors That Affect Bicycle Accident Settlements

Your settlement value is not based on average bicycle settlement figures. Instead, the following factors can affect how much you could recover for your accident and injuries:

• The cost of your economic losses
• The extent of your pain and suffering
• The split of liability for your accident

You can obtain compensation even if you are partially at fault for the accident. However, the percentage of fault ultimately assigned to you will reduce your financial recovery accordingly. If someone is wholly liable for your accident, we may be able to recover the full value of your case from them.

Potential Damages You Could Recover

When reviewing your case, our team will base your estimated settlement value on the cost of the physical, financial, and mental damages you face. We may be able to include the following types of losses:

• Medical expenses
• Lost income
• Lost earning power
• Pain and suffering
• Damage to your bicycle
• Temporary transportation
• Lost quality of life
• Other accident-related damages

Some of these losses have a fixed value, while others may have an ongoing cost. Therefore, we will also project your future losses that are likely to happen after your case ends.

How We Calculate Your Losses

We take a deliberate approach to calculating losses. Our firm can calculate your losses by:

• Reviewing your past earnings
• Determining how much time you have missed from work
• Obtaining your medical bills
• Projecting future medical costs
• Speaking with mental health professionals about your trauma
• Assessing damage to your bicycle
• Adding up additional damages

We understand the accepted methods for calculating losses. This knowledge is particularly important for estimating your non-economic losses (like pain and suffering), which may not have an obvious value. Our team will need to use specific formulas to assign a value to them.

How Can You Receive Compensation?

Ways that you may receive compensation for a bicycle accident include:

• An insurance payout
• A pretrial settlement
• A post-trial judgment

Plaintiffs in lawsuits generally receive compensation through a settlement. The American Bar Association (ABA) notes that this is more common than trial verdicts. The outcome of your case may depend on:

• Whether all parties agree on who is at fault for your accident
• Whether insurance covers your losses
• Whether insurance companies offer fair compensation
• The success of settlement negotiations

Our team strives for a settlement as a first option to help you avoid the extra stress and legal costs of a trial. However, we know how to support a case in court when necessary.

Who Pays for a Settlement?

The parties who are liable for your bicycle accident may fund your settlement. That person entity will be liable for the monetary value of your losses. In a bicycle accident, liable parties can include:

• A driver
• Anyone responsible for dangerous road conditions
• Manufacturers liable for vehicle defects
• A driver’s employer
• A pedestrian

Other parties may be liable for your bicycle accident, as well. Our firm seeks to identify anyone with potential liability for your losses and seek appropriate financial recovery from them.

What Can a Lawyer do for You?

When you hire us, a lawyer from our team will be your advocate in the legal process. Our aim is for you to be able to focus on getting better and not have to worry about the status of your case—that is our responsibility.

Our team will:

Protect You From Harm

Attorneys, insurance companies, and others may work against your interests. We protect you from harm by:

• Dealing directly with other parties
• Alerting you to lowball compensation offers
• Reviewing any statements you must make
• Providing legal advice throughout your case

Protecting your rights is our job.

Calculate and Document Your Losses

Our team will identify your losses and then assign them financial value. This process is critical to determining what a fair settlement is for your case. To handle this task, we may:

• Obtain footage of your bicycle accident
• Photograph injuries, damage to your bicycle, and the accident scene
• Obtain your doctor’s assessment of injuries
• Obtain proof of lost income
• Obtain witness accounts of your accident and losses

We will use this evidence during settlement negotiations.

Seek Maximum Compensation

Your injuries may have long-term effects. When negotiating a settlement, we make sure to consider this possibility. You may qualify for coverage of your current and future losses, and our team will not settle for less than you deserve.

What does it Cost to Hire a Lawyer for a Bicycle Accident Case?

You can hire our firm at no direct cost. Therefore, you pay us nothing upfront or out of pocket. Our firm only takes a fee if we negotiate a settlement or secure a judgment on your behalf. This fee comes out of the compensation we recover for you. We discuss the predetermined percentage before you hire us.

Call Laborde Earles Injury Lawyers for a Free Consultation

Do not wait to call. Statutes like CC 3493.1 generally limit the time that you have to bring a lawsuit in this state. With enough time left in your case, we can review your damages and seek the awards that you deserve. Call Laborde Earles Injury Lawyers today at (337) 777-7777 for a free case review.