What are economic damages?

In personal injury and wrongful death cases, damages are the amount of money awarded to the plaintiff due to negligent, reckless, or intentional action of the defendant. Generally, damages fall into two categories: economic and non-economic damages - also referred to as special and general damages. An award or settlement is designed to compensate an injured individual or a decedent's family for the total economic and non-economic damages they may incur.

Economic damages

Economic damages are related to specific money that may have been spent or lost due to an injury. These damages can be calculated with precision.

Types of economic damages

  • Lost earnings and benefits through the present
  • Projected future earnings and benefits losses
  • Medical expenses that have incurred to date as well as that will incur into the future
  • The replacement cost of household services that can no longer be performed by the injured individual
  • Expenses to repair or replace an automobile or other damaged item
  • Funeral and burial expenses

Read more about economic damages related to earnings and benefits, household services, and future expenses

Non-economic damages

Non-economic damages are damages that are unrelated to specific financial losses. These damages can have a profound impact on the plaintiff. These damages cannot be calculated precisely.

Types of non-economic damages

  • Pain and suffering
  • Humiliation
  • Emotional trauma
  • Reputational damage
  • Disfigurement

Damage Guide calculates economic damages in personal injury, wrongful death, employment, and business cases.

View our services, fee schedule, and contact us to get started.

Do you have a case in which a damage analysis would be beneficial?
Contact us to discuss your case.

If you would like to receive our educational newsletter each month, subscribe here.

We also have writings and calculators available to help you learn more about your client's economic damages.