A personal injury can have considerable consequences on your lifestyle. Indeed, aside from the pain and the inconveniences of the recovery period – such as limited mobility, rebuilding strength, etc. –, all injuries come at a cost which can be expensive to carry.
When you find yourself unable to pursue your career, you naturally worry about keeping on top of your bills and other payments. However, it’s important to understand that an accident that leaves you incapacitated – on a temporary or permanent basis – will only affect your finances if you let it. You can take strategic measures to maintain your financial stability and solvability when your health is at stake.
Get a full understanding of financial claims
Firstly, an injury leads to medical bills. More often than not, your insurance coverage can pay for some of the expenses; however, you’re likely to be still faced with a hefty medical invoice which you’ll need to negotiate. As you have to stay off work until you recover, you’ll soon notice the weight of the medical bills on your finances.
There are ways around, as you can claim for compensation if your injury was sustained in an accident that wasn’t your fault. Combined with an income protection insurance, you can secure your lifestyle until you’re ready to go back to work.
Turn your home into an office if you can
Depending on your job and your employer, you can explore the possibilities of home-based work during your recovery period, with the explicit authorization of your doctor. With the addition of carefully chosen furniture and the necessary tech devices, you could create a functional home office for everyday tasks.
If you need to stay in touch with your clients and colleagues via phone, you could discuss with your employer the installation of a VOIP system that diverts all calls to your office number directly to your computer – Dyrand Systems propose a handy low-cost solution that’s ideal for small budgets.
Admittedly, working during your recovery period needs to be carefully considered; you shouldn’t push yourself too hard!
Can you go back to your old job?
An important question that keeps most employees awake when they’ve been injured if whether they’ll be able to go back to work. As a general rule of the thumb, you should be able to go back to work as state and federal laws protect workers from unjust firing.
In other words, your employer can’t terminate your contract on the basis of your on-the-job injury. The court also considers at-will contractors when it comes to an unjust termination of contracts.
Do you want to get back to your old job?
However, even though you can secure your old job, the question is whether you’re happy heading back to the office after your recovery. Indeed, if you’ve sustained the injury on the job, it’s likely that your trust in the business has been broken. Additionally, if your injury has transformed your mobility abilities, you might want to look for a position with an employer who might be better suited.
The bottom line is that an accident doesn’t have to make a hole in your budget. On the contrary, you can plan accordingly to navigate yourself in a secure financial position.
What are you doing to get financially stable after an accident?