One of the most common questions our clients have is “what is my personal injury case worth?” While there is no definitive method for calculating exact settlement amounts, there are standards to look at when determining the value of a claim.
Economic And Noneconomic Damages
After liability is established, compensation awards in personal injury cases take into account two types of damages: economic and noneconomic. Economic damages address costs incurred by the plaintiff for medical bills, lost wages, property damage, and diminished earning capacity. Noneconomic damages award compensation for pain and suffering.
Determining pain and suffering can be the most difficult aspect of calculating a personal injury claim. It can also be the greatest source of compensation for any given case. These noneconomic damages take into account the impact the injury has had and will continue to have on your life. If your case proceeds to trial, juries will be instructed to consider your physical pain, emotional distress, embarrassment, humiliation, anger and a range of other negative experiences and emotions brought about as a result of the accident.
After an accident, we invite individuals to contact our firm for a free initial consultation. Attorney O’Neill will discuss with you the merits of your case and can help you understand how a financial award may be determined based on your unique circumstances.
What Factors Might Influence My Personal Injury Settlement Or Award?
If you have been injured in an accident, contact our California law firm to discuss the factors that may influence your potential settlement, including:
- Past and future medical expenses
- Loss of income and earning capacity
- Job retraining
- Damaged property
- Pain and suffering
- Emotional trauma
- Permanent disability or disfigurement
- Loss of consortium