Understanding Economic and Non-Economic Losses
When you’ve been hurt because of the negligence of another person, it can change your life dramatically. You may be unable to work, now or for the foreseeable future. You may require extensive medical treatment, which may not all be covered by insurance. Your injuries may cause persistent pain and suffering, making it difficult or impossible to do many of the things you used to love to do. You may find it difficult to maintain close personal relationships with beloved family members. What types of damages can you expect to recover for these various losses in a personal injury lawsuit in New Jersey?
Types of Damages in a Personal Injury Claim
As the law of personal injury has developed, the compensation available has come to be identified as either economic or non-economic:
- Economic damages are those for which an accurate value is generally easy to determine. Common types of economic damages include lost wages or income and unreimbursed or unpaid medical expenses. Property damage caused in an accident is also considered an economic loss. To establish the correct amount of damages, your attorney will introduce pay stubs or earnings documents, medical bills, and bills for the repair or replacement of property.
- Non-economic damages are those for which there is no tangible method of calculation. Examples include pain and suffering, loss of companionship or consortium, and loss of enjoyment of life. Because of the difficulty involved in computing these types of damages, courts use a couple of different approaches:
- Some courts apply a multiplier to the amount of economic damages. For example, the court may calculate economic damages at $1 million and instruct the jury to apply a multiplier of 1.5, adding $1.5 million in non-economic damages.
- Other courts may simply instruct the jury to award a “reasonable” amount for non-economic damages.
Contact the Cintron Firm
At the Cintron Firm, LLC, we offer more than 14 years of experience to people in New Jersey facing a broad array of legal challenges. Attorney Mark Cintron has worked as a prosecutor and has extensive courtroom experience, so he’s always ready, willing, and able to protect your interests before a judge or jury. Contact our office online, or call us at 201-791-1333 or 917-494-5695 to set up an appointment.