Economic Damages in Colorado
Economic Damages are awarded in Colorado as a direct result of financial losses resulting from an injury or accident. Unlike noneconomic damages, economic damages can be calculated. Some examples of typical economic damages are:
- Medical Bills
- Car repair bills
- Lost wages
- Reduction in future wages or future earning capacity
- Additional Expenses related to household and services.
Medical Bills and Related Medical Expenses
Medical bills and expenses are probably the most common economic damage in an injury or accident case. These bills include emergency services and related costs. You may not realize it, but a ride in an ambulance can cost hundreds of dollars. These bills also encompass doctor visits, physical therapy, and any other medical expense related to the injury or accident.
Generally, when insurance (including Medicare and Medicaid) covers some or all of the medical expenses related to an accident, the insurance company is required to be paid back. These type of payments can result in medical liens.
Lost wages accounts for the money you didn’t earn because you were not working. Lost wages damages also includes sick time, or vacation that the injured person may have used in lieu of not being paid.
Reduced Earning Capacity
If your injury is permanent and it prevents you from continuing your employment, then you may be entitled to compensation. There are many factors in determining future earnings capacity.
Why Should You Hire an Experienced Trial Lawyer?
Hiring a dedicated lawyer that has experience in handling accident cases in Colorado is potentially the most important decision you will ever make. You can be facing life-long ramifications related to your choice in counsel. I will take the time to fully evaluate your case and prepare you and the matter for trial on day one. I focus on getting you the maximum compensation you deserve. I am not concerned with quick settlements or low ball insurance offers. As my previous case results illustrate, I am a trial lawyer. I do my best work in front of a jury.
If you have been injured in an accident or you are being pressured to take a low ball settlement, Contact me immediately. I will fully evaluate your case and fight to get you justice in court!
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