An accident can turn life upside down, affecting not just your health but your finances, too.
Costs can pile up quickly—from medical bills to lost income from missed work or even changes you might need to make at home.
These expenses can feel like a lot to handle, adding extra stress to an already difficult time.
Fortunately, economic damages in Ohio cover these kinds of costs, offering you the financial support to help you manage daily expenses and regain a sense of stability.
At Bensinger Legal Services, our experienced car accident lawyers recognize how economic losses from an injury can disrupt your life and keep you from enjoying what you love about living in Northwest Ohio. We can offer guidance and support as you pursue the compensation needed to move forward.
To learn more and schedule a free consultation, please call (419) 455-1410 or contact us online today.
What are Economic Damages in an Ohio Personal Injury Case?
Economic damages focus on the direct financial toll an injury can take on you.
They are meant to offset specific, measurable costs that arise after an accident—often the necessary expenses to help you handle daily life while healing.
Here are some examples of economic damages.
Medical Expenses
When facing an injury, medical bills often pile up quickly. Economic damages can cover medical costs, including emergency room visits, surgeries, rehabilitation, and ongoing prescriptions or for medical devices like wheelchairs and braces.
Future medical needs should also be included for injuries requiring long-term care to aid your recovery.
Lost Wages
Missing work due to injury can create immediate financial strain. Economic damages can help replace your lost income while away from work.
For those who face permanent limitations due to an injury, lost earning capacity may also be included to account for income you would have earned in the future.
Home and Vehicle Modifications
Severe injuries sometimes require modifications to your home or vehicle to accommodate limited mobility.
This may include installing ramps, widening doorways, or modifying your vehicle for accessibility. Economic damages can assist with these costs.
Childcare and Domestic Assistance
For those with significant injuries, taking care of young children or maintaining a household may become difficult.
The cost of hiring help for childcare, cleaning, or other domestic tasks is another example of economic damages that may be covered in a personal injury claim, ensuring that your family’s daily needs do not suffer while you recover.
How Are Economic Losses in Ohio Calculated?
Economic damages are typically more straightforward to calculate than noneconomic damages (like pain and suffering) because they’re based on actual expenses and losses that you have or will incur.
To calculate your economic damages accurately, we rely on detailed records, such as medical bills, pay stubs, and receipts, to document each cost. For future expenses, such as ongoing medical needs or lost earning potential, we may consult financial or medical experts to estimate these amounts.
Ohio law allows you to seek the full amount of these costs without limits. However, the state’s modified comparative negligence rule could reduce your recovery if you share any responsibility for the accident—your compensation decreases based on your share of fault, and you aren’t eligible for damages if you’re more than 50% responsible.
Bensinger Legal Services can help you understand how this works and fight for the maximum possible compensation.
Get Help with Economic Damages After an Injury
While it may seem like calculating economic damages is just a matter of adding up receipts, it’s often more complex than it appears. Insurance companies frequently try to minimize payouts, and you may not be aware of all the types of economic damages you’re eligible for.
Having an experienced attorney on your side can significantly affect the outcome of your claim for economic losses.
An attorney can help you:
- Accurately assess all your economic losses,
- Gather the necessary documentation to support your claim,
- Negotiate with insurance companies to secure a fair settlement, and
- Represent you in court if necessary.
At Bensinger Legal Services, we know the financial toll an accident can take. Our team is ready to help you understand your rights and pursue the full monetary relief you need to regain stability and move forward.
Contact Us Today
If you’re dealing with the financial effects of an injury, Bensinger Legal Services is here for you. With years of experience, attorney Aaron Bensinger and his team help clients in Northwest Ohio recover from the financial impact of car accidents and other personal injuries.
They’ll guide you through each step—from calculating your economic losses to negotiating with insurers or representing you in court.
Contact us to schedule a free consultation and learn how we can help you pursue the economic damages in Ohio that may ease your financial strain.
You can reach us directly at (419) 455-1410 or contact us online. With our guidance, you can focus on returning to a life that feels whole again.
Aaron L. Bensinger is an Ohio attorney serving personal injury and civil litigation clients. He has extensive trial experience and makes client service is his primary focus. As a partner at Balyeat, Leahy, Daley, Miller & Bensinger, LLC, Aaron happily works in Lima, OH, and serves the entire Northwest region of the state and beyond.
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