Helping a Jury Understand the Full Extent of Your Losses
When you’ve been hurt in a truck accident, eyewitness testimony can be critical, but an economist can also help tremendously with getting full and fair compensation for all your losses. An economist will understand the long-term impact of inflation on any damages that you receive and can also factor in intangibles to ensure that you get the settlement or judgment you need.
The Role of an Economist in a Truck Accident Claim
In a truck accident lawsuit, as with any personal injury claim, there can be significant disagreement regarding the potential losses sustained, particularly with pain and suffering, loss of enjoyment of life, and loss of companionship or consortium. An economist can provide tangible and objective evidence regarding what are commonly called “economic damages,” such as loss of income and unreimbursed medical expenses.
How an Economist Can Help Your Texas Truck Accident Lawsuit
An economic expert, commonly referred to as a “forensic economist,” will typically take data that has some element of uncertainty and clarify it, so that the jury has a clear picture of the precise calculation of present and future losses. An economist will:
- Determining lost wages and income—This includes assessment of projected working life, potential for career advancement, eligibility for bonuses and other job-related perks, and other benefits
- Project future medical expenses—Often, particularly with commercial truck accidents, a victim needs long-term or even permanent care, or needs additional changes, such as home modifications, to accommodate injuries suffered. An economist will know how to determine the full extent of future medical expenses, as well as other needs.
- Project the cost of certain “non-market” losses, such as the inability to provide childcare, cook meals, clean house or take care of other daily concerns
- Calculate the impact on accident victims who are self-employed—Many entrepreneurs don’t take a regular paycheck, so calculating the financial losses becomes more complex
Let Attorney Michael De La Paz Help Protect Your Rights after a Texas Truck Accident
At the Law Office of Michael R. De La Paz, we have more than 26 years of experience protecting the rights of personal injury victims in Harlingen, McAllen, Brownsville and Houston, across Texas and nationwide, including men, women and children who have suffered needless injury in a Texas motor vehicle accident. We will use our considerable experience, skill, knowledge and resources to help you get the outcome you want. Free call, text or chat, 24 hours a day, seven days a week–https://delapazlaw.com/.
Handling Motor Vehicle Accident Cases Nationwide, Including, But Not Limited to Texas, Florida, New Mexico, Illinois and Oklahoma