Alaskan law allows an injured person to claim whatever losses you suffered as a result of another person’s negligence. You can recover your actual losses such as medical expenses, property damage, and lost wages. The law allows compensation for future medical and care expenses as well as future loss of income and earning capacity.
You are also entitled to noneconomic damages for pain, suffering, inconvenience, physical impairment, disfigurement, loss of enjoyment of life, loss of consortium, etc. Damages for noneconomic losses are limited to the greater of $400,000 or the plaintiff’s life expectancy in years multiplied by $8000. For severe permanent physical impairment or severe disfigurement, the cap is $1,000,000 or life expectancy multiplied by $25,000. Punitive damages are only awarded if it is clear that the defendant’s conduct was outrageous, including acts done with malice or bad motives; or evidenced reckless indifference to the interest of another person. Ordinarily, punitive damages are limited to the greater of three times the compensatory damages or $500,000. If the defendant was motivated by financial gain and knew the consequences of his actions, the limit is the greatest of four times the compensatory damages, four times the financial gain, or $7,000,000.
Injuries cost money, including time away from work, medical bills, and other complications. Before taking legal action or trying to negotiate a settlement on your own, you should talk to an attorney about your case. You can search LawInfo’s legal directory to find a local personal injury attorney to discuss the merits of your case. This one step can level the playing field, help you protect your rights, and put you in the best position for recovering the compensation that you deserve.