If your product was found to be defective in a product liability claim, Illinois law states that you need to pay damages to the alleged victim. The specific type of compensation you need to pay would be heavily dependent on the particular circumstances of the claim.
Damages in a Product Liability Claim
Compensatory damages are given to a victim to make them “whole” again or as close to what or who they were before their injury. These are grouped into two categories, namely noneconomic and economic damages.
Economic damages refer to tangible things like medical bills for treating injuries and lost wages. These are specific costs the victim incurred due to the injury your product allegedly incurred so you need to pay for these if the victim could prove the claim.
According to a prominent personal injury lawyer in Springfield, IL, the law also says that you have to pay noneconomic damages for the other adverse, intangible effects the alleged victim suffered due to the injury. These include compensation for things such as the victim’s inability to have intimate relations or live a normal life due to injuries. These compensatory damages usually include the following types:
- Lost wages
- Hospital/treatment bills
- Pain and suffering
- Loss of intimate relations and/or normal life
- Disability and disfigurement
Aside from compensatory damages, you might also have to pay the alleged victim punitive damages. These damage awards are meant to deter or prevent individuals or organizations from engaging wrongful conduct that could lead to injury on other persons. These are however extremely rare. Also, if a product liability claim against you involved a wrongful death, you’d also need to pay the family of the alleged victim wrongful death damages.
The Bottom Line
Whether you or your company’s product caused injury to an alleged victim, you’ll need to pay damages if the court finds you guilty. Getting an experienced attorney on your side is immensely vital since damage awards for product liability claims could cost you millions of dollars. For example, Yellow Cab Affiliation had to pay Deborah Jacobs $3,960,000 and Marc C. Jacobs $21,989,291 for a product liability claim in 2015.
Put simply; you’ll need an experienced attorney to help you dismiss your case or lessen the charges against you, which in turn would reduce the damages you’ll have to pay.