personal injury law firms Injury Compensation - How to Get the Compensation You Need
When you are injured in an accident, it is normal to be concerned about your finances. This is especially true when the injuries you sustained are severe.
There are a variety of ways to claim compensation for your injuries. This includes both economic and non-economic damages like suffering and pain.
Economic Damages
When you suffer an injury due to the negligence of someone else, you should be entitled to financial compensation. The purpose of this compensation is to help you get back to your pre-injury lifestyle.
There are two types of financial damages that could be granted in personal injury cases: economic damages and non-economic damages. The first is designed to compensate you for the financial losses caused by the accident, while the latter is designed to compensate you for the emotional burdens your injury has caused.
In many cases, a jury or judge will award a victim damages to pay for their lost wages, medical expenses and rehabilitative care, along with the cost of property damage, like repair and replacement. This category of damages can be documented through bills, receipts and pay stubs.
The negligent conduct of a defendant can result in a wide range of economic losses. These include:
- Loss of Earning Capacity
A victim could be unable to earn as much after being injured. They could be forced to work at a lower wage or even permanently disabled.
Future earning capacity
This factor can be difficult to calculate as it depends on the victim's age,
injury the industry, and trend at the moment of the incident. One person could be young and have a promising job, or they may have a retirement plan.
Past Earning Capacity
This is a problem for jurors since it requires a detailed analysis of the victim's work history and
injury the potential earnings for the future. A victim could be a recent graduate with a career in engineering.
In addition to the loss of wages, the victim could have faced other costs like medical bills, car repairs, and even out of pocket expenses for medication or therapy.
In the end, these costs can add up to an enormous amount of money. Compiling all these expenses to figure out what your economic damages might be will help you get an acceptable settlement.
There are many factors that affect the amount of your economic damages. It is important to consult an experienced personal injury lawyer who can help you understand how these damages are calculated and awarded. Your lawyer can provide you with a detailed list of all your economic losses and help you to identify experts who can assign a dollar amount to these damages in order to calculate your compensation.