Types of Personal Injury Compensation
You could be qualified for compensation if sustained an injury due to negligence or the wrongdoing of another person. Consult a personal injury lawyer near you to learn more about the potential damages you could be awarded.
In personal injury cases, there are two types of damages that can occur: non-economic and economic. personal injury lawsuit arkansas will discuss these two categories , and also explain how they affect the amount that you are entitled to for compensation.
Economic Damages
When a person is injured in an accident, they could be entitled to financial compensation. These damages can include medical expenses, lost earnings, and property damage.
In most cases, these types injuries can be quite costly especially in the event of serious injuries. This is because they require extensive treatment. In addition to hospitalization, patients could be required to pay for prescription medications and mobility equipment as they recover.
These expenses can mount up quickly, which is why it's essential to keep receipts for these expenses. These receipts will help determine the true value of your losses and increase your compensation.
In personal injury cases, loss of earnings and future income are common forms of economic damage. The reason for this is that victims can be out-of-work for weeks, months, or even for years following an accident. In these situations the victim should be compensated the amount they would have earned if they were able to work.
A person who is disabled or lost loved ones because of an accident could be entitled to compensation for life-care services. These services include nursing, home health and physical therapy.
Many people require help with the same tasks that they did before their accident. These include household chores driving a car and caring for the outdoor as well as taking care of the dependent family member.
An attorney might be able to provide receipts or bills, as well as other evidence to prove the value of these items in these cases. They may also hire experts to testify about the value of these damages.
These damages may be valued different based on the particular requirements of the victim as well as the circumstances surrounding the accident. A jury will usually consider various factors when determining damages.
Some examples of these damage could include:
Pain and suffering
The award is typically awarded to those injured in serious accidents who have suffered physical or emotional injuries as a result of the accident. The awards can be small (a few dollars for suffering) or huge (millions in a case of wrongful death).
Emotional distress
This kind of damages are aimed at compensating the emotional stress an accident causes to a victim. It includes things like depression, anxiety and a loss of enjoyment in daily life.
Disfigurement
It can be given to an injured person who is permanently damaged by the accident. This can be costly because many people require surgeries and other treatments to treat or remove disfigurements.
Loss of companionship and consortium
This damages award is designed to pay for the loss of the loved one in the event of an accident. This is especially important for those who have children or dependents.
Non-economic damages are an independent part of the legal system that is distinct in comparison to economic damages and are more rare. Non-economic damages may be subject to a higher burden of proof, but they are generally more difficult to determine than economic damages, and are not subject to the same restrictions as economic damages.