
A:
As an experienced med mal lawyer and sports fan, perhaps the easiest way to explain a cap in a lawsuit is to look at sports. The National Football League places a "salary cap" on all of its teams, which means that no team may spend more than a certain amount of money when putting its roster together. In other words, there is a "cap" or limit as to how much money a team can spend.
The same principle holds true with lawsuit caps. Some damages awards are "capped" by law, which means there is a limit placed on how much money a jury may award a plaintiff for his injuries. For example, a plaintiff whose damages are "capped" at $500,000 will collect that amount at a maximum. If the jury awards two million dollars in damages that are capped, the plaintiff receives the $500,000 capped amount. If the jury awards $200,000 in damages that are capped, the plaintiff receives the awarded $200,000, not the $500,000 cap.
Basically, a "cap" is a limit or ceiling of the damages award in a lawsuit.
For more information:
Caps on Medical Malpractice Awards Helpful? Ocala Medical Malpractice Lawyer Gives Opinion
Med Mal Caps - Who pays the price? Gainesville Medical Malpractice Lawyer Explains the Expense
Appellate Clourt Upholds Flordia Law Capping Medical Malpractie Awards
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