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Ches Crosbie Barristers

What is an economic loss?

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.