Liability, Civil Damages Awarded
Three types of damages can be awarded to a plaintiff:
- Special Damages reimbursement for out-of-pocket expenses, including medical bills, legal charges, cost of repairing damaged or destroyed property, and loss of current and projected income.
- General Damages�reimbursement for damages that do not readily lend themselves to quantitative measurement, commonly known as"pain and suffering."
- Punitive Damages�reimbursement for damages due to gross negligence by a defendant.
Popular Insurance Terms
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Quantitative measurement of the total costs (losses, risk control costs, risk financing costs, and administration costs) associated with the risk management function, as compared to a ...
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Action by the owner of a cash value policy to relinquish it for its cash surrender value. Since the depression of the 1930s, companies have reserved the right to delay payment of a cash ...

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