Collateral Benefits Reducing Your Settlement

This video discusses the impact of collateral benefits on personal injury settlements, particularly in Ontario. Many accident victims are surprised to learn that payments from long-term disability, CPP disability, or EI sick benefits can reduce their potential settlement amounts. The legal framework aims to prevent double recovery, but this often leaves victims feeling undercompensated. With insurance companies employing legal teams, it's crucial for accident victims to have their own representation. For assistance navigating these complex issues, contact 1-800-JUSTICE.

Collateral benefits can reduce your settlement. This one frustrates almost every accident victim. If you receive long-term disability, CPP disability, or even EI sick benefits after a crash, those amounts may be deducted from your potential settlement. Victims are often shocked when they find out that their settlement or judgment is smaller because of payments they've already received. The law is designed to avoid double recovery, but it leaves people feeling shortchanged. The law is tough on accident victims in Ontario. Insurance companies have lawyers. You should, too. Call 1-800-JUSTICE.