Definition of Compensation
Compensation is the money paid to the claimant(s) in a personal injury case after they win an injury case. It can include payment for lost wages (past and future), medical expenses (past and future), death benefits (lost wages and burial expenses) and pain and suffering. Compensation can also be paid by workers' compensation or insurance companies after an injury or death due to an injury suffered by the deceased while performing their normal job functions. Compensation may also be paid in a wrongful death claim to certain beneficiaries (parents, spouse, minor child or estate) of the deceased.
Compensation in a general sense can also be claimed from Government sources such as the Social Security Administration through disability insurance (SSDI), SSA retirement benefits or Supplemental Security Income (SSI). The amount and type of compensation depends on a variety of factors such as work history, the earnings of the worker while they were employed and the amount of taxes paid through their employment to the Federal Government. For information regarding the amount of compensation you may be entitled to from the Federal Government when you retire or become disabled you can contact the SSA at 1-800-772-1213 or you can visit their website at www.ssa.gov.