When it comes to personal injury lawsuits, there are two main types of damages that can be awarded: compensatory and punitive. Compensatory damages are intended to help the injured victim, while punitive damages are intended to penalize the at-fault party. Understanding the differences between these two types of damages is essential for anyone considering filing a personal injury claim. Compensatory damages are designed to reimburse the victim of an injury for their losses. These damages can cover medical bills, property damage, and lost wages.
In Georgia, compensatory damages awarded for physical injuries are generally not taxable. On the other hand, punitive damages are intended to punish bad actors and set an example for them. These damages are usually only awarded when the at-fault party acted especially negligently. General damages are the least tangible, but equally real, damages that people suffer in personal injury cases. These damages are typically given to an injury victim whose injury was clearly preventable, especially when the person or company responsible for the injury should have known better.
When you file a personal injury claim, the goal is to recover compensation that covers the losses you have suffered as a result of the accident. At Buckingham Barrera Vega law firm, we have seen all types of personal injury cases, from minor accidents to multi-million dollar medical malpractice lawsuits. If you or a loved one has been injured due to the negligent actions of another person in Georgia, you may be able to recover compensation for your injuries through an insurance claim or a personal injury lawsuit. The legal process can be confusing, so it's important to consult with a qualified attorney before proceeding. Let's take a closer look at each type of damage one by one. Compensatory damages in personal injury cases are fairly straightforward to determine, as long as you have the right evidence to support your claim.
Punitive damages, on the other hand, are only available in cases where the defendant acted in a fraudulent, intentional, or deliberate and senseless manner. As a result, personal injury lawyers won't accept a case unless it's strong enough that the victim is likely to win. You should never have to worry about your personal injury case and wonder why your lawyer didn't do more to help you recover damages. Additionally, you should consult with a tax professional before filing your taxes if you have received compensation for damages in a personal injury lawsuit.