The definition for general damages is generally understood to mean compensation for the non-monetary aspects of the specific harm suffered by a claimant. This is sometimes called the “pain and suffering” award for a claim.
General damages are typically awarded for claims involving a personal injury. Examples of these damages include physical or emotional pain and suffering, loss of companionship, loss of consortium, disfigurement, loss of reputation, loss or impairment of mental or physical capacity, loss of enjoyment of life, etc.
In this article of our series https://www.whatisyourclaimworth.solutions/ , we’ll discuss the key information associated with measuring general damage associated with a claim. The determination of general damages is one of the most complex and elusive areas of damage valuations. There are several issues to consider before beginning to calculate a general damage assessment including:
Various medical, financial, and legal experts may be needed to understand and assess your unique circumstances now and into the future. Additionally, specialized software and similar circumstance benchmarking may be needed to substantiate the value of your claim. Some of the key factors to determine the value of your claim are:
If you or your advisors (attorney, accountant, insurance) have accurately determined your special damages, then add the total amounts to a planner like our What Is Your Claim Worth Solutions https://www.whatisyourclaimworth.solutions/ for an estimate of a possible general damage value. This amount should only be considered a starting point to be further analyzed and negotiated with your special damages. If you are having difficulty or need assistance with this type of analysis and planning, please contact us https://www.blackburngroup.com/contact-us for additional help.