Compensation Law

Compensation Law is a branch of law that encompasses legal regulations aimed at addressing both pecuniary and non-pecuniary damages suffered by individuals. This area of law determines the liability of the party causing the harm and provides the legal remedies necessary to compensate the injured party for their losses. Compensation Law covers a broad spectrum of damages, including those arising from traffic accidents, workplace injuries, medical malpractice, breach of contract, and torts.

The primary objective of Compensation Law is to restore the injured party as closely as possible to their condition prior to the damage. In this context, compensation claims are generally divided into two categories: pecuniary compensation (such as direct economic losses like medical expenses, loss of income) and non-pecuniary compensation (such as compensation for pain and suffering). Compensation Law also serves the function of preventing wrongful acts by holding the responsible party accountable and deterring similar harms in the future. This field of law places significant importance on protecting the victim and ensuring justice.

In compensation cases, factors such as the degree of fault of the party causing the harm, the extent of the damage, and the causal link between the wrongful act and the harm are carefully evaluated. Compensation Law is also closely related to Insurance Law, as insurance policies often cover the damages. In this regard, insurance companies frequently participate as parties in compensation cases, and compensation payments are made according to the policy.

Compensation Law plays a crucial role in protecting the rights of individuals and institutions and in maintaining social order. In modern legal systems, this branch of law, which aims to remedy the grievances of the injured, is also one of the fundamental pillars of the rule of law.