Classification of Financial Compensation
Suffering an injury due to someone else’s negligent actions can severely impact every aspect of your life, including your personal relationships and career aspirations. Fortunately, you can likely take legal action and file a civil lawsuit. The goal for every personal injury lawsuit is for the plaintiff to recover financial compensation to help him or her pay for expenses, like medical bills and lost wages.
Financial compensation can be classified in a number of different categories depending on the details of your case. For more information about your case and the compensation you could potentially recover, contact a Louisville personal injury lawyer at the Sampson Law Firm today at 502-584-5050.
Understanding Financial Compensation
Depending on the severity of your accident or suffering and how the defendant acted, you could recover a number of different forms of compensation that all add up for your final settlement amount. These categories for financial compensation include:
- Compensatory damages – These are the most common and typical damages one recovers in a personal injury claim and are intended to reimburse the plaintiff for any expenses he or she had related to the injury (i.e., medical bills, physical therapy costs, and lost wages).
- Emotional trauma (pain and suffering) – These damages aren’t as easily measured as compensatory damages and are used to compensate a plaintiff for any psychological trauma he or she suffered from.
- Punitive damages – Awarded when a defendant acts grossly negligent or extremely negligent
Contact Us
To learn more about the different types of financial compensation and what kinds of damages you should pursue in your case, contact a Louisville personal injury attorney from the Sampson Law Firm at 502-584-5050 today and schedule a free consultation.
