Loss of Earnings and Earning Capacity Damages
Have you ever wondered after hearing about a multi-million-dollar settlement in a personal injury case about the fairness of such a settlement? The reasoning behind such large personal injury settlements or large jury verdicts often can be found in loss of future earning capacity. Compensation for pain and suffering represents only one of several elements a jury must consider when deciding upon a total monetary award in a personal injury case. If the accident victim has suffered loss of earning capacity, these economic damages may far exceed compensation for the pain and suffering. Economic damages may include not only lost earnings but also lost retirement benefits profit sharing healthcare coverage and other benefits loss due to the inability to work. You might be able to continue to work but only at a reduced level of efficiency. this may result in a slower rate of growth in earnings and benefits over the course of your career. These losses can easily be measured and proven in a jury trial through the testimony of an economist. When projected over an entire career, they can become very large. An injury victim who is not employed outside of the home can also expect personal injury compensation if that person’s ability to render his or her usual household services is significantly reduce bother injury. The worth of these services will vary with age, gender, and employment status of that person. As mentioned above, an economist can show through testimony that the loss of household services for a retired male is a certain amount per year through different pieces of evidence. Remember if you have suffered even a seemingly small amount of loss of earnings or loss of earning capacity due to a personal injury, make sure you let your personal injury attorney know about this. Many personal injury lawyers often overlook this kind of clean because it may appear on first glance to be insignificant. That insignificant aspect of your clean can turn out to be its most important part.
Speak with a Personal Injury Attorney Today!
Every personal injury case is unique, and each case presents different challenges. The best way to face these challenges is to retain a personal injury attorney who understands how to obtain relevant evidence to support your personal injury claim. The amount of fair compensation that can be obtained in a personal injury case depends on many factors including the type of accident, seriousness of injuries, cost of medical treatment and therapy, to name a few. When you are injured and trying to heal, collecting vital evidence and building your claim can be stressful and a lot to handle. In cases where there is very little evidence, proving negligence can be intimidating. It is important to seek the counsel of an attorney. Insurance companies use all kinds of underhanded tactics to minimize or deny claims. If you are not knowledgeable about the personal injury claims process, you may not recover any compensation for your damages at all. At times, the services of an experienced personal injury lawyer, or at least the threat that such a lawyer presents to an insurer are totally worth it. When an insurance adjuster can see that you are being represented by an experienced and skilled personal injury lawyer, the odds of obtaining a favorable resolution of your case go way up. At our firm, our policy is that if you don’t recover compensation, you won’t pay any fees for our services. Not to mention, we also provide free case consultations where we assess the circumstances surrounding your case and give you an objective overview of what steps you can take going forward if you decide to act against the party responsible for your injuries. For over 19 years, we have delivered quality legal representation for people who, through no fault of their own, have been injured in all types of accident and incidents. We are available 24/7 to give you a free, no risk case consultation.
We serve clients throughout Florida including those in the following areas:
Miami-Dade: Aventura, Coral Gables, Doral, Fontainebleau, Hialeah, Homestead, Kendall, Miami, Miami Beach, Miami Lakes, North Miami, Tamiami, and Westchester.
Broward: Fort Lauderdale, Hallandale Beach, Hollywood, Pembroke Pines, and Weston; and Palm Beach County including Boca Raton, Lake Worth, and West Palm Beach.
