Personal injury economic damages can be complex calculations. There is no cookie-cutter approach when calculating the damages of a claimant, but there are some recurring financial aspects. In order for the financial expert to calculate a reasonable estimate of economic damages, counsel must be prepared to ask the right questions of a claimant in order to flush out financial information and relevant details that will be useful for their expert. It is the expert’s job to calculate an economic loss within a reasonable degree of certainty, and by understanding these topics, you will lay the groundwork for your expert’s calculation.
Pre-Incident Earnings
We have all seen something like this statement: “Past performance is not indicative of future results.” When calculating economic damages in a personal injury matter, the opposite is typically true.
