What is the difference between compensatory and punitive damages?

Compensatory and punitive damages are two types of financial awards available in the state of Washington in personal injury law. Compensatory damages are intended to financially reimburse a person for losses such as medical expenses and lost wages resulting from an injury. Punitive damages are intended to punish a wrongdoer for their actions, as well as to deter future similar behavior. Compensatory damages are awarded based on the actual costs incurred by the injured person, such as medical bills and lost wages. In addition, they can include money to compensate for things like mental and emotional distress, pain and suffering, and loss of enjoyment of life. Punitive damages are a larger, extra amount of money awarded to an injured party beyond compensatory damages. The amount of money awarded is based on the maliciousness or recklessness of the wrongdoer’s behavior. It is not based on the actual costs incurred by the injured person but is instead a more symbolic amount intended to punish the wrongdoer and to discourage similar behavior in the future. In the state of Washington, compensation for personal injury is based on an individual’s losses, and those losses can be significant. Whether it’s compensatory or punitive damages, an injured person may be able to receive financial reimbursement or punishment for the wrongs committed against them.

Related FAQs

How should I respond if an insurance company tries to settle my case quickly?
What is vicarious liability and how can it apply to my case?
What is the best way to get the most money from my personal injury case?
What should I do if my settlement doesn't cover my medical expenses?
What can I do if the other party's insurance company refuses to pay?
What is a settlement in a personal injury case?
How does arbitration work in a personal injury case?
How do I find the best personal injury lawyer for my case?
How do I choose the right lawyer for my case?
What is the best way to negotiate with an insurance company?

Related Blog Posts

Understanding the Basics of Personal Injury Law - July 31, 2023
Common Causes of Personal Injury Lawsuits - August 7, 2023
Who Can File Personal Injury Claims? - August 14, 2023
What Are the Elements of a Personal Injury Case? - August 21, 2023
What Damages Can I Recover in a Personal Injury Case? - August 28, 2023