Compensation Amounts

Examples of compensation amounts in accident cases

The calculation of compensation for liability accidents, such as traffic accidents and work accidents at sea, is based on the provisions of tort law. When assessing compensation, various factors are taken into account, including the age of the injured party, income from previous years, and the results of the assessment report.

In the case of work accidents or leisure accidents, the compensation amount is determined by the insurance coverage that was in effect on the date of the accident, along with the results of the assessment report on the consequences of the accident.

It is not possible to determine the exact amount of compensation until the assessment report on the consequences of the accident is available, but here are some examples:

  • Rosa, 38, suffered injuries to her back and neck after a rear-end collision. She received 16 million ISK in compensation.
  • Maria, 28, was in a rear-end collision and suffered injuries to her back and neck. She received 10.5 million ISK in compensation.
  • Andres, 27, was injured in his neck and back in a collision. He received 11.2 million ISK in compensation.
  • Anna was in a car accident and suffered injuries to her neck and back. She received 7.2 million ISK in compensation.
  • Hersir, 59, was in a traffic accident and suffered injuries to his back and hip. He received 7.9 million ISK in compensation.
  • Kristin suffered injuries to her shoulders and upper back in a traffic accident. She received 11.6 million ISK in compensation.
  • Aron, 32, was in a traffic accident and suffered injuries to his neck. He received 7.7 million ISK in compensation.
  • Edda, 24, suffered injuries to her back after a car accident. She received 18.5 million ISK in compensation.
  • Egill, 27, was injured in a collision. He received 11.2 million ISK in compensation.

All these amounts are real examples - only the names have been changed.

Compensation Amounts