Economic Damages Analysis

Economic Damages Analysis estimates the financial loss caused by an incident or wrongful act, such as an accident or breach. It involves determining past losses (like medical expenses and missed work) and future losses (such as ongoing medical costs or reduced earning capacity). Experts review relevant financial and medical information to quantify the victim’s economic harm. This analysis helps courts and parties understand the monetary impact, supporting fair compensation or settlement decisions. It’s a careful process that ensures damages reflect the true economic consequences of a wrongful act on an individual or business.