In this article, we’ll cover the differences between economic damages and non-economic damages. Then, we’ll tell you how you can have the best chance of getting the compensation you deserve after suffering from a personal injury.
What Are Economic Damages?
Economic damages are money awarded to cover expenses caused by a personal injury. These damages are typically used to reimburse the injured party for more straightforward expenses, such as:
- Medical expenses: This could include both past and future expenses, such as hospital bills, ambulance transportation, physical therapy, and home healthcare expenses.
- Lost wages: This covers money the injured party lost due to being unable to work after their injury.
- Lost earning capacity: If the injured party loses income because they must take a lower-paying job after an injury, they may receive economic damages to cover the lost earning capacity.
These are just some examples of what economic damages could include. A knowledgeable attorney can help you determine if your or a loved one’s injury could result in economic damages.
Examples of Non-Economic Damages
While economic damages are intended to help the injured party recover financial losses, non-economic damages are more about compensation for the suffering caused by the responsible party. Non-economic damages may cover more complex things, such as:
- Emotional and physical distress, pain, and suffering
- Loss of sound mind and body
- Physical disability
You’ll need a skilled personal injury attorney to fight for non-economic damages after an injury. They can show just how much you or your loved one suffered — and will fight for fair compensation.
Get Compensation After a Personal Injury
If you or a loved one has suffered an injury due to someone else’s mistakes, you don’t deserve to pay the price. You should get compensation for your medical bills and suffering.
A highly skilled personal injury attorney can gather evidence and build a solid case for economic or non-economic damages. They’ll work hard to ensure that you get fair compensation after your personal injury.
Schedule a Consultation With Peters Law Firm Today
Choose Peters Law Firm to handle your personal injury case. Our dedicated attorneys have been fighting on behalf of our clients in Council Bluffs, Southwest Iowa, and Eastern Nebraska for over 100 years. You can rest assured that we’ll do everything we can to get you the compensation you deserve.
Work with one of our skilled personal injury attorneys below:
We’ll handle your personal injury case with compassion, and we’ll be with you every step of the way.
Contact us today or call 712-328-3157 to schedule a free initial consultation with our personal injury law firm.