Settlement values are calculated by looking at both economic damages and non-economic damages. Economic damages may include medical bills, loss of earning capacity, and lost wages. Noneconomic damages include mostly pain and suffering, mental anguish, loss of enjoyment of activities, and humiliation. Economic damages are added together to create one portion of the calculation. The other portion of the calculation, which is non-economic damages, are determined by the effect on the victim’s life.
A Columbia trucking accident attorney can help determine the value of the settlement by obtaining all evidence in the case, collecting all medical bills, hiring medical experts, hiring liability experts, and negotiating with the insurance company.