How does punitive damages work in personal injury cases?
How does punitive damages work in personal injury cases?
Punitive damages are something that most people hear about in movie-form as a way to bring down the big company and make them pay for their wrongdoing. But what exactly is punitive damages and how does it work? Most people know that there are two types of damages: compensatory and punitive. Compensatory damages are awarded to the plaintiff based on an established set of criteria, and these use the actual cost of the wrongdoer's actions to compensate the victim for their financial losses. Punitive damages, on the other hand, are intended to punish the wrongdoer. Punitive damages are not required in all personal injury cases, but they can certainly be used if deemed appropriate by a judge or jury.
In addition, punitive damages are lawsuits where you have to pay an amount that is more than what you are liable for. Punitive damages are used for compensating the victims in an act of a crime. The amount that is awarded as punitive damages is not fixed, but is decided by judges or juries in the court of law.
If you have any questions or need a Personal Injury Attorney, please call this law firm for a free consultation.
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