What are economic damages?

Economic damages are the type of damages awarded in an accident case that are intended to make up for any financial losses that a person suffered as a result of the accident. These damages can include missed work wages, medical bills, property damage, and the cost of ongoing or future medical care. Economic damages are awarded to the person who is injured, not to any other person involved in the accident. In Oklahoma, economic damages are subject to the state’s comparative negligence law, which allows a person to be found partially at fault for an accident, and only recover the amount of damages that corresponds to their portion of fault. For example, if a person is found to be 20% at fault for an accident they may only recover 80% of the economic damages they would otherwise be entitled to recover.

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