When you are injured in an accident, you suffer a variety of different types of damages. Non-economic damages include loss of enjoyment of life, physical pain, permanent disability, scarring, mental anguish, and emotional suffering. Economic damages include your medical expenses, property damage, lost wages, transportation costs, and other out-of-pocket expenses related to your injury and your recovery. The non-economic damages are impossible to fully compensate because a monetary award can never undo the pain and suffering you experience because of a personal injury.
However, you are entitled to recover full compensation for your economic losses in a personal injury claim. The insurance company for the other person understands you are probably suffering a financial crisis if you are out of work due to your injury. …show more content…
When calculated lost wages, your personal injury lawyer will include past, present, and future lost wages. For example, if you were out of work, without pay, for three months because of the accident, your attorney includes the amount you would have earned had you been able to work in your claim for lost wages. In addition, if you lost bonuses or other compensation, those figures will be added to the amount of the claim.
A claim for lost wages can also include future lost wages. In the case of a permanent disability that prevents you from returning to work, your attorney will include an amount for the income you would have earned had you been able to return to work after the accident. In many cases, a financial or economic expert will be used to calculate the future lost wages based on several factors including your age, occupation, general health before the injury, and projected economic growth in your industry. The claim will also include anticipated raises, bonuses, and other forms of compensation you would have received had you continued to