The skill of an experienced forensic economist are necessary when injuires affect the physical capabilities of the victim are substantial for a long time. The severity of injuries is in part measured by the amount of medical bills, type of injuires, time it takes to recover, as well as missed opportunities of career advancement and other items. Each case is examined in detail, and all damages and losses are carefully accounted for.
Compensatory Damages
Medical Treatment include the cost of treatment already received and the estimated cost of future medical needs due to the acciden.
Income that has been lost and income that would have been earned in the future or loss of earning capacity.
Property loss of vehicles, clothing or other itmes are reimbursed at fair market value.
Pain and suffering as well as emotional distress, loss of enjoyment and other items are considered in compensatory damages.
Punitive Damages
When a defendant's conduct is particularly egregious, careless or could have been prevented by a type of inexpensive safety measure, punitive damages are awarded. These can run in the millions of dollars.
