personal injury law firms Injury Compensation - How to Get the Compensation You Need

If you're involved in an accident it is normal to be worried about your financial situation. This is particularly true if you're the victim of a serious injury.

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

Economic Damages

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

There are two kinds of damages that can be awarded in personal injury cases: economic damages and non-economic damages. The former is designed to compensate you for financial losses caused by the accident, while the latter is designed to pay for the emotional hardships that your injury has caused.

A judge or jury can award economic damages to victims in many instances. This can include lost wages and rehabilitation, medical bills and property damage expenses like repair and replacement. The damages in this category can be documented by receipts, bills, and pay stubs.

Negligent behavior by a defendant can cause a variety of economic losses. These losses include:

- Loss in Earning Capacity

If a victim suffers an injury and unable to work, their earnings could be significantly affected. They could be forced to take a lower-paying job, or become permanently disabled.

- Future Earning Capacity

This can be a challenging aspect to assess since it is based on the age, industry and trend of the victim's profession at the moment of the accident. The person may be young and their career that is growing, or they might be 58 and have a complete retirement plan ahead of them.

Past Earning Capacity

This also presents jurors' difficulties in that it requires a thorough analysis of the victim's past employment situation and the potential for future earnings. For instance, a defendant could be a recent grad with a promising career in engineering.

The victim could be unable to earn a living in addition to other expenses like medical bills, car repairs or out of pocket expenses for medication and therapy.

In the end, these costs will add up to a substantial amount of money. Add all of these costs to figure out what your financial damages could be can help you obtain an equitable settlement.

There are a myriad of factors which determine the exact amount of your financial damage, which is why it's important to speak to an experienced personal injury law firm injury lawyer who understands how damages can be determined and awarded. Your lawyer will provide you with a list detailing all your economic losses and assist you in identifying experts who can assign a value to these damages to determine your compensation.