personal injury law firm Injury Compensation — How to Get the Compensation You Need

It is normal to worry about your finances when you are in an accident. This is especially true if you are involved in serious injury.

There are ways to be compensated for your injuries. This includes both economic and non-economic damages like pain and suffering.

Economic Damages

When you suffer an injury because of the negligence of someone else you are entitled to financial compensation. This compensation will help you recover from your injuries and get back to your pre-injury standard of living.

There are two kinds of financial damages that could be granted in personal injury cases that are: economic damages and non-economic damages. The former is designed to compensate you for the financial damages resulting from the accident, while the latter is designed to compensate you for the emotional burdens your accident has caused.

A judge or jury may award economic damages to victims in numerous cases. This can include lost wages and rehabilitation costs, medical bills as well as property damage costs like repair and replacement. This type of damage is specific in that it may be documented with receipts as well as pay stubs, bills and receipts.

A defendant’s negligence can result in different economic loss. These losses include:

Loss in Earning Capacity

A victim may suffer a lower earning capacity after being injured. They could be forced accept a lower-paying job or even permanently disabled.

Future earning capacity

This is a difficult factor to determine since it relies on the victim’s age and profession and the current trend at the moment of the incident. The person may be young and have a career that is on the rise, or they may be 58 years old and have a full retirement plan in front of them.

Past Earning Capacity

This also comes with jurors’ difficulties because it requires a thorough investigation of the victim’s prior work experience and the potential for future earnings. For instance, a defendant might be a recent graduate with a promising career in engineering.

— The victim may be unable to earn a living in addition to other costs such as medical bills, car repairs or out-of-pocket expenses for medication and therapy.

These expenses can be significant and can add up to an amount of money. Adding up all these expenses to figure out what your economic losses might be will help you get an equitable settlement.

There are a myriad of factors which determine the exact amount of your financial damages, and it is important to consult with an experienced Personal Injury Lawyers injury attorney who knows how these damages can be determined and granted. Your lawyer can provide you with a complete list of all of your economic losses and help you find experts who can assign a dollar amount to these damages to calculate your compensation.