I hope the injuries heal quickly
@Doug87
I empathise with your plight. I was knocked off a couple of years back in a very similar situation to yours and, despite in my case the driver's insurance company trying to claim I was partially at fault, Leigh Day (via British Cycling) did a sound job and I came away with a payout for injuries and bike repairs which was far more than I expected (and far more than the costs I had incurred through the accident).
One bit of advice based on my experience (although it may not be applicable in your case as presumably the driver and their insurer will accept full responsibility?) - originally the driver's insurance came back with an offer of £600 and me taking 85% liability for the incident. A quick bit of case law research online and a discussion about my findings with Leigh Day and that was quickly revised to a £2,200 payout with driver taking full liability. So don't accept a first offer unless you're satisfied with it.
In terms of prosecution, it was never discussed by the police/insurance company in my case and it never occurred to me to ask about it. I'm not sure if I would have wanted to pursue that, though the arguments from others upthread are convincing.
I was knocked off again last Friday at a junction and I would certainly be happy to prosecute this time around - sadly I doubt I'll get the chance as the pr*ck taxi driver who did it implied he was going to pull out of the road to give me his insurance details and then wheelspan away. I've reported it to the police but I doubt they'll even follow it up - I've heard nothing 4 days later anyway, despite the fact that I gave them the make & model of the car, the taxi company, partial reg and distinctive driver description.
It's not a huge place where I live so hopefully I'll find myself in the back of his cab sometime.