In personal injury cases, it is crucial to understand the types of damages to which you may be entitled. Compensatory damages and punitive damages have different purposes and criteria.
Compensatory Damages
The purpose of compensatory damages is for the victim to recover and covers the following:
Medical expenses: this includes costs related to both past and future medical care associated with the injury.
Lost wages: are the financial compensation you are entitled to receive in the event that you are unable to work and, therefore, have no income.
Pain and suffering: If you’ve experienced physical pain or emotional distress, you’re entitled to compensation.
Property damage: expenses for repair or replacement of damaged property.
Punitive damages
On the other hand, punitive damages are awarded to punish the guilty party for their misconduct and to deter future wrongdoing. Malicious, reckless, or grossly negligent actions by the defendant result in the award of punitive damages.
Main differences
Purpose: Compensatory damages are there to help you, the victim, get back on your feet. Punitive damages are designed to teach the defendant a lesson.
Criteria: Compensatory damages are awarded based on the victim’s losses; punitive damages are based on the defendant’s conduct.
Amount: Compensatory damages are calculated based on actual losses, and punitive damages can be significantly higher and are intended to serve as a deterrent.
Knowing these differences can really help you manage your personal injury case more effectively.
At GB Legal, we ensure you receive the compensation you deserve, whether compensatory or punitive. Contact us for a free consultation.
