Menu (512) 982-9328

Economic Losses

Economic Losses

The first category of compensatory damages is called “economic” damages. Economic damages are designed to compensate a personal injury victim for the economic losses they probably sustained as a result of the injury. Simply stated, economic losses are those losses that an injury victim can account for. In most cases, this includes lost earnings and medical expenses. In some cases, this can include other types of economic losses, such as costs the victim incurs to pay for services the victim is no longer able to do themselves, or services someone has lost as the result of an injury to a loved one. For example, paying a lawn service, pool service, or housekeeper if the victim can no longer do these chores on their own. Beyond the economic losses a personal injury victim sustains up to the time of trial (known as “past damages”), the victim can also seek compensation for losses they are likely to sustain in the future (known as “future damages”).