When to Hire an Economist in a Personal Injury Case
The cost of a personal injury case can vary from a few thousand dollars to tens of thousands of dollars. Generally, the more serious the injuries, the higher the economic damages, such as medical bills, lost wages, ongoing care, and property damage. The main purpose of filing a personal injury claim is to pursue a financial settlement that covers all economic and non-economic losses (damages). Economic damages are quantifiable financial losses incurred by a plaintiff (injured party) as a direct result of an injury or harm caused by a defendant, while non-economic damages are non-tangible losses such as pain and suffering and loss of enjoyment of life.