Economic losses would include things such as past income loss, being damages paid to you for time you've been unable to work since your accident. They might also include an award for the replacement or repair of your vehicle or other property damage and awards for the affect of a physical injury on your ability to earn an income. "Loss of future earning capacity" can be considered an economic loss, where an award for the physical injury itself is a non-economic loss as above.
What is an economic loss?
Ches Crosbie Barristers is a personal injury law firm in Newfoundland and Labrador. Our main office is located at 169 Water Street, St. John's and we have a second office at 276 Conception Bay Highway in Bay Roberts, which is available by appointment. We help injury victims from all across Newfoundland and Labrador.