Economic vs. Noneconomic Damages

When a person is involved in an accident that causes them to become injured, they may want to consider bringing a lawsuit. A personal injury lawsuit can assist a person in recovering damages, which is simply compensation for accident-related expenses. There are two types of damages that a person may be able to recover if they have a successful personal injury case.

Economic damages are those awarded for the financial obligations you have had to incur because of the accident. Oftentimes, these include medical bills, lost wages, the cost of rehabilitation, and the cost of having to hire outside help for around the house. However, financial woes are only the beginning of an injured person’s problems after an accident.

The other type of damages that a person may be awarded are noneconomic damages. Compensation for noneconomic damages may be granted for things such as pain and suffering and loss of enjoyment of life. After a serious injury in an accident, a person may never be able to do the things they love ever again. They may not be able to continue doing their job, which can have a terrible impact on their family.

It is important that you consult with an experienced personal injury attorney who can fight on your behalf for compensation after an accident. Contact our firm today for strong legal representation.

The Law Offices of George Poulos is an experienced Workers’ Compensation, personal injury, bankruptcy, and Social Security Disability law firm with offices in Queens and the Bronx. If you require strong legal representation, contact our firm today to schedule a free consultation.