Economic Damages

Economic damages, sometimes called special damages, are meant to compensate an accident victim for objectively verifiable financial losses. 

These losses include: 

• Past and future medical expenses
• Loss of past and future earnings
• Loss of use of property
• Costs of repair or replacement
• Loss of employment or business opportunities. 

Economic damages are calculated based on the evidence of financial losses, including receipts and medical bills. 

Economic damages are meant to restore the individual to the financial position they would have been in if the injury or harm had not occurred.