If you have suffered an injury due to a dangerous or defective product, you may have the right to pursue a product liability claim to seek compensation for your injuries. You may be able to seek product liability damages or compensation for:
1. Compensatory Losses
These damages cover the economic setbacks you have suffered as a result of your injury and attempt to place you in a preinjury state. If this is not possible, the damages attempt to give a dollar value to the injuries suffered and attempt to offer compensation in relation to the value of injuries sustained.
Compensatory damages are intended to pay for lost wages, medical costs, property damage, incidental costs and other expenses. For example, if you have lost a limb as a result of a dangerous product, you may seek compensation for all of your medical bills, lost time at work, the cost of making your home accessible and the expected lifetime costs of your prosthetics and medical bills.
In addition to the actual cost you may be expected to pay for your injury, you may also be able to seek compensation for noneconomic losses. This can mean loss of consortium, pain and suffering and other losses which are not tangible but for which you can still seek compensation.
2. Punitive Damages
Punitive damages, as their name suggests, are meant to be a deterrent. They ask the defendants to pay extra money if their negligence or recklessness was especially egregious and led to serious injuries.
The damages received from product liability claims is not simply a payout. These amounts are often necessary for patients to pay for medical bills, assistance, wages and the other expenses required in order to recover as fully as possible. If you have been injured by an unsafe product, contact Katherman Briggs & Greenberg to discuss your case and to find out what damages you may qualify for.