What is an Injury Victim’s Lost Earning Capacity Worth?
One of the worst parts about some car crash injuries is they can limit a victim’s ability to work. Some victims are permanently disabled and unable to do any work, while others can do just a fraction of the work that they used to be able to do.
At Phillips Law Group, we know how devastating it can be to suffer an injury that limits your ability to work. We have helped many car crash victims secure compensation for lost earning capacity. If another’s negligence takes away or limits your ability to earn a living and support your family, you need compensation to help move forward with your life.
Below, our licensed attorneys discuss lost earning capacity and some of the factors that need to be weighed when attempting to value these damages. This is a complex issue, which is why victims should strongly consider hiring experienced legal representation. At Phillips Law Group, we do not charge upfront fees.
What is Lost Earning Capacity Worth?
Although lost earning capacity is a type of economic damage, determining its value is more complicated than determining the value of lost wages. If you missed work while receiving treatment or recovering from your injuries, you simply need documentation of the hours missed and your rate of pay. However, loss of earning capacity is more of a projection based on a variety of factors, including the victim’s:
- Line of work
- Work history
- Credentials and/or certifications the victim has obtained
- History of promotions and raises
- Projected career trajectory
- Current pay rate and the pay rate for others in a similar line of work
- Opportunity for advancement in this line of work
Every claim for loss of earning capacity is unique because each case is unique. Even if two victims are in the same line of work, they may have varying levels of education and varying skill sets. These differences can significantly impact the value of a victim’s claim for loss of earning capacity.
If you can still do work, your claim may still be worth a significant amount of money. Maybe your skills allow you to enter a different line of work. However, if the injury had not occurred, you would have been able to stay in the same line of work. Your new line of work may provide significantly less compensation, affecting your lifetime earnings.
Our experienced Phoenix car crash attorneys understand there are many things to factor into a claim for loss of earning capacity. We know how important it is to receive compensation for an injury’s effect on a victim’s future employment and career prospects.
We are ready to work with you to gather the evidence we need to determine what your lost earning capacity may be worth. This may include records about your education, employment history and other information.
We are prepared to bring in expert witnesses to help validate your claim. For example, a medical expert may be able to explain in detail how an injury affects a person’s ability to work. An economic expert may be able to explain what the victim’s earning capacity was likely to be if the injury had not happened and how that earning capacity was damaged by the injury.
There must be a direct link between a victim’s inability to work and the injury suffered in the crash, otherwise, the claim for loss of earning capacity is invalid. For example, you will need to show there are specific tasks you cannot perform because of your injuries. You may need to prove you took steps to try to treat an injury but were unsuccessful. You may need an opinion from an occupational therapist about what you can no longer do because of your injuries.
Phillips Law Group is Here to Help. Call Today
For nearly three decades, we have been helping car crash victims obtain compensation for their damages, including lost wages and lost earning capacity.
If you were injured and believe another driver may be at fault, give us a call today. There are no upfront fees or legal obligations. We are dedicated to pursuing maximum compensation for your damages.
Learn more by scheduling your free legal consultation. 1-800-706-3000
Phillips Law Group does so much for the community!!! I especially enjoy seeing Juan Roque out there. This gentle giant always has a smile on his face and is a part of a caring and giving team.
Great company and awesome service. Thanks Caroline fabos. Kudos to all.
My review is for Kathy Hudson a legal assistant at the law firm. She is great! She is very professional and a fair based person. She was never rude to me and always called me back. She listened to me and had my best interest as number 1. Mr Nasir who is a supervisor at law firm also was very professional and helpful. Not sure if spelling his name correctly but sorry if not. As far as mr Ross and the lady that runs the front desk reception I would say they are the most unprofessional and rude people I have met at a law firm in my life especially beings they were representing me. But Kathy made it overall a better experience. Thx Kathy.
Phillips law group has an amazing staff and i recommend them to everyone.
Liz Gonzales was great!!!!
Juan Roque has been integral with my legal needs. Communication has been easy. He conveys information I can easily understand without a lot of "Legal Fluff" jargon. I will certainly do business with Phillips Legal team again and refer them to my friends and family.
Phillips Law Group has a proven track record of success. Juan Roque, in particular, is integral to that. He works with integrity, compassion, and an undefeated optimism that makes him a valuable asset.
Definitely recommend! Awesome
My paralegal , Caroline , was on top of her game - very responsive and always answered any questions I had and in a timely manner . My attorney Rob ,was the best attorney I ever had . He explained everything in great detail and had a great sense or humor . He really knows how to bring light To tough , unfortunate situations - I would absolutely recommend them at anyone -
I tried a few previous law firms and none would take my car accident case with confidence they could get my anything. Phillips law group took my case and although it took around 4 years to get this case settled as I was in treatment, they never let up with insurance adjusters and they got me as much money as possible. They worked hard for me and advocated for me. Shoutout to key individuals who worked my case nonstop of the years, Robert Ross & Jasmine, you are AMAZING!