Posted: September 26th, 2016
In the coming weeks, a revised Book of Quantum is to be introduced to Irish in an effort to update compensation settlements awarded to injured parties.
First published in 2004, the book of Quantum is a reference publication used by solicitors, judges and insurance companies to determine the amount of compensation the victim of an accident is entitled to. The book accounts for a range of of physical injuries and provided estimates of settlements based upon severity and permanence of the injury.
However, over the past few years, an increasing number of professionals have come out to criticise the Book of Quantum, claiming that it is outdated and no longer compensates fairly. Judges and solicitors have increasingly ignored the guidelines provided, or instead will take the highest value given. This leads to various inconsistencies in the settling of compensation claims.
As a result, Ireland’s senior judges engaged in discussions with the Courts Services and the Injuries Board concerning a revision of the Book. A team analysed around 52,000 personal injury claims made in Ireland between 2013 and 2014, using these data to create a new reference text. This new Book of Quantum will be published in the next few weeks, and many hope that it will restore consistency to the system.
Revisions include a recalculation of the estimates provided to account for inflation and an increase in the number of subcategories for both severity and permanence. This allows those settling a claim to award more appropriate figures of compensation depending upon the injury.
The Book of Quantum only accounts for physical injuries inflicted upon to the injured party. He or she may also be able to claim for emotional trauma or financial losses: as such, it is best to consult a solicitor before embarking on a claim for personal injuries compensation.