Recovering from an injury can be stressful and costly. Medical costs, loss of income, and mental anguish are common among those recuperating from an accident.
If you or a family member experienced injury or illness caused by someone else’s negligence, you may be entitled to compensation through a personal injury settlement.
In South Carolina, victims can recover economic, non-economic, and punitive damages for their losses. However, South Carolina caps non-economic damages in medical malpractice cases. The state also has a cap on punitive damages in all personal injury cases.
To determine the value of your claim, ensure your legal rights are protected, and maximize your settlement, call the South Carolina personal injury lawyers at Joye Law Firm.
Economic Damages for Personal Injury Settlements
Economic damages are compensation for tangible losses that have a definitive monetary value. The value of these compensatory damages is factual and easy to calculate. Examples of economic damages include medical expenses, loss of income, or rehabilitation costs.
A victim may also receive compensation for future medical expenses. Independent expert testimonies are typically required to prove that future medical care is needed. When injury victims suffer disabling injuries, expert testimony can also be used to determine how much victims are owed for lost future income when they are no longer able to work. Victims can also receive compensation for reduced future income if they can no longer work as many hours or can no longer do the same type of work as before the accident because of their injuries.
There is no cap on economic damages in personal injury cases, provided the plaintiff can present evidence of their expenses. Medical records, medical bills, expense receipts, and pay stubs can support the value of your personal injury claim.
Non-Economic Damages for Personal Injury Settlements
There is no cap on non-economic damages in personal injury cases in South Carolina, except for in medical malpractice cases. Examples of non-economic damages can include physical pain, emotional distress, reputation loss, and reduced quality of life.
Depending on the nature of the lawsuit, the compensation cap can vary. For medical malpractice claims against a single healthcare provider or institution, the compensation for non-economic damages is limited to $350,000 for each claimant. In medical malpractice lawsuits against more than one healthcare provider, the compensation for non-economic damages is limited to $350,000 from each liable institution. The limit for compensation combining all institutions must not exceed $1,050,000.
Punitive Damages for Personal Injury Settlements
While economic and non-economic damages are intended to compensate the victim for their losses, punitive damages act as a deterrent and a punishment for the defendant when they are guilty of extreme negligence. South Carolina allows victims to sue for punitive damages if they:
- Have recovered compensatory (economic or non-economic) damages
- Can prove their harm was the result of the defendant’s willful, malicious, or reckless actions
South Carolina caps punitive damages in personal injury settlements. These damages are limited to three times the value of compensatory damages or $500,000, whichever is higher.
Damage Caps Can Change Annually
At the end of the fiscal year, South Carolina’s damage caps may be adjusted according to the Consumer Price Index (CPI) fluctuations. The CPI measures the change in prices of goods and services over time.
The Revenue and Fiscal Affairs Office Board of Economic Advisors consult the CPI annually to determine whether the limits should increase or decrease.
South Carolina’s Modified Comparative Negligence Law
South Carolina recognizes a modified comparative negligence law for personal injury verdicts and settlements. Under this law, the degree of fault or legal liability can reduce the amount of compensation you receive after an injury when you may have been partially at fault.
If you are more than 50% at fault, you cannot receive compensation.
Get Maximum Compensation with an Experienced Legal Team
At Joye Law Firm, our team has the legal experience, litigation knowledge, and professional connections to deliver outstanding legal representation.
We always strive to earn maximum compensation for our clients. Some of our successful verdicts and settlements include:
- $6 million payout in a work-related trucking accident
- $4.3 million in a case involving a tractor trailer
- $2.7 million in an injury settlement involving a collapsing stairwell
- $475,000 settlement in a work injury case
- $450,000 in compensation after a child was seriously injured in a retail store
Contact Joye Law Firm today for a free, no-obligation consultation if you or someone you love has been injured due to someone else’s negligence. We can help you assess the value of your claim and fight to recover the maximum compensation.
Categories
Archive
