Compensatory vs. Punitive Damages: What’s The Difference?
If you have been injured in an accident, you may be eligible for several types of compensation.
But without an understanding of the damages they deserve, many accident victims settle for less. That’s why our personal injury lawyers have provided this helpful guide that details the difference between compensatory and punitive damages.
To learn more or to schedule your free initial consultation, contact the Mike Hostilo Law Firm today! Attorney Mike Hostilo and our trusted team are standing by, eager to pursue justice on your behalf.
Compensatory damages are intended to reimburse accident victims for their losses, both economic and non-economic. Economic damages typically include medical expenses, property damage, and lost wages. Non-economic damages are more challenging to quantify, often including compensation for emotional trauma, pain and suffering, etc. Put simply, compensatory damages are awarded in nearly all personal injury cases, with the primary goal of restoring the injured party’s financial standing to pre-accident status.
Punitive damages are awarded much less frequently, only when the court deems the defendant’s actions particularly reckless or intentionally malicious. These damages are meant to punish the at-fault party for their negligence and to deter others from acting similarly.
The damages’ intent is the differentiating factor between the two. Compensatory damages are directed toward the injured party, intended to provide reimbursement for losses. Punitive damages, in sharp contrast, are aimed at the defendant and serve as punishment for their gross negligence. For instance, punitive damages may be awarded for cases involving drunk driving or medical malpractice.
Choose Mike Hostilo Law Firm Today!
If you or a loved one have been injured in an accident, recovering maximum compensation requires an experienced attorney in your corner. For trusted legal advice for an accident claim, Mike Hostilo Law Firm can help.
Our personal injury attorneys have a reputation for success – with the track record of results to back it up. Schedule your initial free consultation today to get started!
We are proud to serve accident victims in the following areas:
GEORGIA PERSONAL INJURY LAWYER
(Park of Commerce) Savannah, GA
SOUTH CAROLINA PERSONAL INJURY LAWYER
ALABAMA PERSONAL INJURY LAWYER
More Helpful Accident Injury Blogs:
Can Social Media Affect a Personal Injury Case? Injury Attorney Explains
Can I Return to My Normal Lifestyle After a Traumatic Brain Injury?
Can I Sue My Doctor for Clinical Negligence or Malpractice?
Can Relatives Recover Money for Deceased in A Wrongful Death Lawsuit?
How Long Can a Slip and Fall Case Take?
How to File a Personal Injury Lawsuit on Behalf of Another Person
How to Prove Wage Loss After an Accident Injury? Personal Injury Attorney Explains
How Do People Know If They Qualify for A Hernia Mesh Lawsuit?
11 Examples of How Business Owners Are Responsible for Your Safety
Commenting for this entry is disabled.