The total cost to a victim to recover from a slip and fall injury can include medical costs, lost wages, and a reduced quality of life. And these costs are not negligible! CDC data show that in 2018:
- Injuries from falls racked up nearly $4 billion in medical costs (in Florida alone), and
- Deaths from falls cost $754 million.
To bring that to the individual level, the most recent data available from CDC estimate that the average cost of a hospitalization to treat a slip and fall injury is $40,000. On top of that, victims saw average lost work costs of $56,000 (in 2010-dollars). All told, a slip and fall accident could easily cost you around $100,000!
Critically, these estimates do not account for reduction in your quality of life. If you lost the ability to coach your son’s little league team or couldn’t care for your aging parent, your life would be negatively impacted, but there wouldn’t be an easily assignable price tag.