What Are Damages?

Personal Injury Attorney in Las Vegas, NV

If you have been injured either in an accident or as a result of another party’s intentional, reckless, or negligent choices, you probably have many questions about your legal options. Too often, those who have a right to see justice done under the law shy away from taking action because they believe that speaking up will be too stressful and/or that their efforts won’t effect change. It’s important to speak with an experienced attorney before making any assumptions about your legal situation. Chances are that if you have been injured, you have legal options available to you. Oftentimes, those that have been injured as a result of another’s choices are entitled to receive damages. In a nutshell, “damages” are kinds of compensation awarded as a result of injury, illness, property damage, loss, or other harm caused by a party that was legally bound to act in a certain way. 

The subject of damages is complex, partially because state laws differ as to who is eligible for damages and what kinds of damages are allowable under different circumstances. Some state laws cap the amount of damages that can be awarded in a specific kind of case. These are just some of the many reasons why it’s a good idea to speak with an attorney before either committing to legal action or deciding not to file a claim. Depending on your unique circumstances, you may be entitled to significant damages that can help to compensate you for the financial losses you’ve incurred as a result of the harm that has been done to you. 

Damages – The Basics

There are two primary types of damages available to injury victims: compensatory and punitive. Punitive damages are rarely awarded, as their purpose is to punish the wrongdoer as opposed to compensating the victim. By contrast, compensatory damages help to ensure that someone who has been harmed as a result of legal wrongdoing (including victims of drunk driving accidents, medical negligence, nursing home abuse, etc.) is not placed in a position of financial responsibility for the losses they have incurred as a result of the choices of the party at fault. 

Compensatory damages may be classified as “economic” and “non-economic.” Economic damages are relatively easy to calculate, as they stem from specific financial losses such as medical bills, funeral costs, lost wages, loss of future wages, etc. Non-economic damages, like pain and suffering awards, are harder to calculate because there is often no amount of money that can even begin to make up for the losses a victim has suffered. A skilled attorney helps to ensure that a victim receives the maximum damages award possible under an individual’s unique circumstances. 

Legal Assistance Is Available

If you or a loved one has been injured in an accident, consider scheduling a consultation with an experienced personal injury attorney today. Speaking with an attorney doesn’t commit you to taking legal action. All a consultation does is ensure that you are empowered to make informed decisions about your legal situation. Don’t wait – some legal options require you to act quickly, so it’s important to seek legal counsel before any potential “doors” to compensation close due to the passage of time. Contact Eric Roy Law Firm today.