Economic loss calculations in fatal and non-fatal accident claims share certain similarities, but as outlined in this article, there are a number of key differences to consider.
In a non-fatal accident claim, economic loss calculations are intended to restore the injured person to the financial position they would have enjoyed had the accident not occurred. In particular, the injured person is normally compensated for both their lost earnings and the additional costs (e.g. medical expenses, housekeeping, caregiving, etc.) they are expected to incur as a result of an accident.Read More