Types Of Damages

Types Of Damages

Compensatory Damages The word “compensate” means “to offset an error or undesirable effect”. Compensatory damages, therefore, are meant to make up for an injury sustained by an individual. There are two basic types of compensatory damages: actual and general. Actual damages reimburse an individual for funds paid out-of-pocket for medical treatments, lost wages, substitute transportation,

Types Of Compensatory Damages

Types Of Compensatory Damages

Compensatory damages are meant to offset an injury sustained by an individual. Actual damages, or damages which reimburse an individual for out-of-pocket expenses, include monetary awards for medical expenses, property damage, and loss of income. General damages may also be awarded for pain and suffering, mental anguish, loss of consortium, and lost opportunity for the