Compensation terms
Compensation and damages terms
Pain and suffering, lost income, future care and the other losses you can be paid for.
17 compensation terms
Economic DamagesEconomic damages are the losses from an accident that come with a price tag.Future Care CostsFuture care costs are the treatment, support and equipment you'll need after your claim ends because of your injuries.Future Earning CapacityLoss of future earning capacity is compensation for the money you'll probably lose in the years ahead because your injury limits the work you can do.General DamagesGeneral damages are compensation for harm that has no receipt attached: the pain of the injury, the distress, and the ways your everyday life has been changed or limited.Housekeeping LossHousekeeping loss is compensation for the household jobs you can't do, or can only do with difficulty, because of your injury.Loss of ConsortiumLoss of consortium is a claim by the husband, wife or partner of an injured person for what they've lost in the relationship: companionship, affection, help around the home and intimacy.Lost IncomeLost income is the money you didn't earn because your injury kept you from working, or forced you onto fewer hours or lighter duties.Mitigation of DamagesMitigation of damages means you're expected to act reasonably to keep your losses from growing after an accident.Non-Economic DamagesNon-economic damages are compensation for the human cost of an injury, the parts that don't come with a bill.Out-of-Pocket ExpensesOut-of-pocket expenses are the everyday costs you've paid yourself because of your accident.Pain and SufferingPain and suffering is compensation for the physical pain and emotional strain an injury causes you, from the day of the accident through recovery and, if it lasts, beyond.Present ValuePresent value is what a stream of future money is worth today.Property DamageProperty damage is the harm an accident does to your things rather than your body.Punitive DamagesPunitive damages are extra money a court orders someone to pay to punish outrageous conduct and discourage it in future.Special DamagesSpecial damages (often shortened to "specials") are the specific, measurable financial losses caused by your accident: things like medical bills, lost earnings, travel costs and repairs.Structured SettlementA structured settlement pays some or all of your injury compensation as a series of regular payments, often monthly or yearly, sometimes for life, rather than as one lump sum.Wrongful Death DamagesWrongful death damages are compensation paid to the family or estate of someone killed by another person's negligence or wrongful act.
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