November 17, 2019

What Are Economic Damages in Wisconsin?

After a serious injury, getting compensation for your damages is important. You’ve suffered because someone else was careless, and you shouldn’t have to pay for that suffering. However, you might have some questions about your losses.

For example, what are economic damages in Wisconsin? When you’re already suffering and struggling to do the right thing for your compensation, new terms can be even more confusing, making recovery difficult. Fortunately, a lawyer from The Law Offices of Gary S. Greenberg can help.

If you’re struggling with your accident injury claim, reach out for help finding the worth of your economic damages. You’ll need that compensation for a full recovery, and a lawyer can make sure you find your claim’s full worth.

Your Financial Losses

When you’ve been injured in a Wisconsin accident, you’ll need to seek compensation for all your economic damages. Put simply, these damages include all financial losses you’ve suffered because of the accident.

Keep in mind that this term includes both current and future damages for your claim. For example, you might need long-term treatment for an injury like head trauma. Your compensation, then, should include both the initial treatment and the future rehabilitation you may need, if the injury is permanent.

These damages are separate from the intangible damages, or non-economic damages, you might receive for your pain and suffering. Economic damages cover the specific financial losses you’ve suffered. If you have a record of the expense or loss, it should likely be included in your economic damages.

Types of Economic Damages

Once you know what the term means, you’ll then need to apply it to your own claim. Every claim will be different, so you’ll need to know what damages you’re eligible for before your file your particular claim.

After an accident, you might have suffered any of the following damages:

  • Medical Expenses After your accident, you’ll need compensation to cover your medical expenses. A hospital stay alone can be expensive, and you may face hefty charges for surgery, therapy, or other necessary treatments.
  • Lost Wages Your injuries may keep you from returning to work until you’re completely healed. Unfortunately, your time off the job can leave you in dire financial straits, so you should receive compensation for your income as well.
  • Property Damages – If you were driving at the time of the injury, you may be entitled to compensation for the damages to your vehicle or other property. If you lost a significant or expensive asset to the crash, be sure to include the costs to replace it in your damages.

Calculate Your Damages with an Attorney

When you’re injured by someone else’s recklessness, you’ll need to seek compensation for your injuries. However, you might have some questions about your economic and non-economic losses and what you can seek out for compensation.

For example, what are economic damages in Wisconsin that apply to your case? If you’re not sure, you may need a lawyer from The Law Offices of Gary S. Greenberg to help you through your claim. Get started today with a free consultation, and our attorneys can help you work to get the compensation you need for your recovery.

To get started, reach out to our firm by giving us a call at 414-271-7007 or by completing the online form below.