Oil Rig Injury Compensation: Factors Affecting Your Settlement in Albuquerque, NM

August 14, 2023

Oil rig workers have some of the hardest and riskiest jobs to perform every day. As such, severe injuries and even death are common in this line of work. Oil field accidents can lead to severe and complex cases and substantial medical expenses, lost wages, and long-term impacts on the injured worker’s life.

Several factors can influence the settlement amount when seeking compensation for an oil rig injury in Albuquerque, NM. Let us take a look at the key factors that can affect your oil rig injury compensation:

The Severity of the Injury

The extent and severity of your injuries contribute to determining your settlement amount. Severe or catastrophic injuries that result in long-term or permanent disabilities typically warrant higher compensation.

Medical Expenses

The medical costs incurred for treating your injuries, including hospitalization, surgeries, medications, physical therapy, and ongoing medical care, will also be factored into the settlement.

Lost Wages and Loss of Earning Capacity

If your injury prevents you from working, either on a short term or long term basis, you have the right to ask compensation for any lost wages and loss of future earning capacity.

Pain and Suffering

You may be awarded compensation for physical pain and emotional suffering caused due to the injury. Calculating pain and suffering damages can be more subjective but is crucial to your overall settlement.

Nature of Negligence

If the oil rig injury occurred because of the employer’s or a third party’s negligence, the level of fault and liability would impact the settlement. Negligence can occur due to inadequate safety protocols, equipment failures, or lack of proper training.

Workers’ Compensation Coverage

If you are an oil rig worker covered under workers’ compensation insurance, your compensation may be limited to the benefits provided by the insurance policy. However, if liable third parties are involved, you may pursue additional compensation beyond workers’ compensation.

Evidence and Documentation

It is important to collect strong evidence, such as medical records, accident reports, witness statements, and expert testimony, that will support your claim and influence the settlement negotiations positively.

Comparative Fault

New Mexico follows a comparative fault system, where the compensation amount may be reduced by a certain percentage if the injured party is found partially responsible for the injury. The compensation may be reduced proportionately to your contribution to the fault.

Legal Representation

Having a skilled oil rig injury lawyer in Albuquerque can significantly impact the outcome of your settlement. An experienced lawyer can evaluate the value of your claim, negotiate with the liable parties or their insurers, and advocate for your best interests.

Statute of Limitations

In New Mexico, you have three years within which you must file a personal injury claim. Failing to do so within this time limit means losing your right to seek compensation permanently.

How an Oil Rig Injury Lawyer in Albuquerque Can Help

Navigating the complexities of an oil rig injury claim can be quite tricky, especially when you are dealing with powerful oil companies and insurers. It’s essential to consult with an experienced oil rig injury lawyer in Albuquerque, NM, who understands the intricacies of oil rig injury cases and can work to secure fair compensation for your injuries and losses.

At the Herring Law Firm, we offer you the expertise and experience of personal injury lawyers in Albuquerque who can help you get fair and just settlement for oil rig injuries. Reach out to us at https://oilrigslawyer.com/.

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