Reduce your liability to trip & fall lawsuits
The costs of trip and fall lawsuit settlements
If you manage walkways on a property you may already know that trip and fall incidents are more common than you’d like. Whenever a trip and fall occurs there is a good chance that injury will result, and with that the likelihood that a lawyer will become involved. At this point or later if a lawsuit is filed the most common result is a settlement of some kind. The average trip and fall lawsuit settlements cost $40,000 dollars. There is no average damage award if a trip and fall lawsuit goes to trial.
When the typical cost of repairing the hazard that precipitated the trip and fall is typically in the hundreds of dollars it becomes clear that proactive risk management would save your property thousands of dollars. This does not even take into account the time and stress you and your staff will experience throughout the entire process which typically takes months.
If you manage walkways on a property you may already know that trip and fall incidents are more common than you’d like. Whenever a trip and fall occurs there is a good chance that injury will result, and with that the likelihood that a lawyer will become involved. At this point or later if a lawsuit is filed the most common result is a settlement of some kind. The average trip and fall lawsuit settlements cost $40,000 dollars. There is no average damage award if a trip and fall lawsuit goes to trial.
When the typical cost of repairing the hazard that precipitated the trip and fall is typically in the hundreds of dollars it becomes clear that proactive risk management would save your property thousands of dollars. This does not even take into account the time and stress you and your staff will experience throughout the entire process which typically takes months.