Types of Damages

Economic Damages

Quantifiable monetary losses resulting from an injury, including medical expenses, lost wages, property damage, and other out-of-pocket costs.

In Personal Injury Cases

Economic damages are easier to calculate because they have specific dollar amounts. Keep all receipts, bills, and documentation of expenses related to your injury.

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Related Legal Terms

Special Damages

Another term for economic damages—quantifiable monetary losses with specific dollar amounts.

Medical Expenses

Costs incurred for medical treatment related to injuries, including hospital bills, surgery, medication, physical therapy, and future medical care.

Lost Wages

Income that an injured person was unable to earn due to their injuries, including salary, hourly wages, bonuses, and benefits.

Loss of Earning Capacity

Compensation for the reduction in a person's ability to earn income in the future due to permanent injuries.

More Types of Damages Terms

Damages Compensatory Damages Non-Economic Damages Punitive Damages Pain and Suffering Loss of Consortium

Duty of Care View All Terms Economist (Forensic)

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