Ways Damage Experts Help Strengthen Personal Injury Cases

Posted by THE CENTER FOR FORENSIC ECONOMIC STUDIES on March 26th, 2020

In personal injury cases, expert witnesses normally receive the majority of the attention from the defense and plaintiff counsel. Both parties aim to protect their clients' best interests. But, competent and experienced damages experts can significantly strengthen the claim of the prosecution. It's done by calculating and clearly defining all possible economic losses that may be suffered as a direct result of an injury. To learn how else they aid in these financial claims, keep reading below.

They Determine Recoverable Economic Losses

Plaintiffs are entitled to repossess all monetary losses caused by an injury. The smaller the damages, the more straightforward the calculations are. Sometimes, an economic expert may not even be required. But, in severe instances, the entire process takes time. When this happens, the intervention of damages experts is mandatory.

A good example is an injury that requires long-term treatment (months or years). This needs careful analysis of past tax returns and whether the claimant has received the necessary reductions. Damages experts are responsible for communicating with employers, verifying the number of missed workdays, and the resulting loss in wages. Their recommendations make it easier for the plaintiff counsel to support their arguments and help their clients receive their rightful compensation.

They Provide the Necessary Data in Discovery

Specific information is requested during discovery. These include the claimant's age, employment status, and the extent of injuries. Damages experts help identify which documents can be used best to establish actual economic losses and evaluate how the plaintiff can be properly compensated.

They Get Rid of Any Calculation Issues

Accuracy is very important when determining the damages the plaintiff experienced. Courts will require a detailed breakdown of the financial losses. An economic expert helps collect all evidence and come up with a comprehensive calculation that's difficult for the defence counsel to challenge. It's for this particular reason that claimants should obtain the services of one as soon as they can.

They Negotiate in Terms of Reductions and Deductions

A defence counsel may agree to pay for a 20-year settlement with a plaintiff, but that doesn't mean they'll say yes to a lump sum for the same amount. Competent damages experts can figure out agreeable terms for the two parties regarding compensations. They'll help work out the details of payment so that the conditions are acceptable and feasible for both sides.

These are just some ways these professionals help win personal injury cases. Should you need a New Jersey damages expert, there are plenty of places where you can begin your search. Check out online resources or ask people you know for recommendations.