A personal injury lawsuit can serve two vital functions in an injured person’s life: Holding the liable party responsible for the injury and recovering financial compensation for damages. When we think about personal injury damages, medical bills and immediate costs incurred by the injury usually come to mind. However, these losses often pale in comparison to the long-term costs resulting from the injury. In many catastrophic injury cases, the greatest loss that an injured person suffers is the loss of his or her ability to earn a living. If you or a loved one suffered severe injuries in an incident caused by negligence or wrongdoing, you may be entitled to compensation for lost earning capacity.
Compensation for Injuries That Cause Loss of Functioning or Disability
Semi-truck accidents, motorcycle crashes, construction accidents, intentional acts of physical violence, and countless other incidents can leave a person with catastrophic injuries. If you or a loved one suffered an injury that caused paralysis, amputation, neurological damage, loss of vision or hearing, or other long-term health consequences, is it important to know your rights. You or your loved one may be entitled to compensation for past and future medical expenses, lost income, damage to your future earning capacity, and more.
Determining How Much Compensation You Are Entitled To
If your injuries forced you to work fewer hours, take a lower-paying position, or left you unable to work at all, you may be compensated for the reduction in your earning capacity. The amount you could receive depends on an estimation of the income you would have received if not for the injury-causing incident. The amount of compensation that you could recover depends on several different factors, including:...