damages calculation

Damages calculation refers to determining the monetary compensation owed to a party due to loss or injury. There are two main types: compensatory damages, which cover actual losses like medical bills or lost wages, and punitive damages, which are intended to punish wrongful conduct and deter future actions. The calculation considers factors such as the severity of harm, the impact on the victim's life, and any future losses. Essentially, it aims to restore the injured party to their original position as much as possible, reflecting the financial consequences of the incident.