After an injury, you may expect to have to deal with medical bills and missing days off of work. Even a minor injury can amount to thousands in medical costs and lost wages. However, if your injury was more serious, you may find that your entire life has changed, and nothing will be the same. It can be depressing to realize that you may be permanently affected by pain, headaches, decreased range of motion, or disfigurement. If your injury has impacted your ability to earn a living, you should be compensated for your loss of future earning capacity.
Philadelphia Personal Injury Damages
If you or a loved one suffered an injury, you would hope that the person responsible for the injury would take responsibility for the pain and suffering they caused. The injured individual should be compensated for what they are going through. Unfortunately, many people, businesses and corporations don't want to own up to their mistakes. They may deny any responsibility, forcing you to take legal action to get compensation. After contacting an experienced Philadelphia personal injury lawyer, you can make the guilty party pay for your damages.
Personal injury claims allow you to seek money damages if you have suffered an injury due to another person's negligence. The damages you are able to recover will depend on the type of injury, cause of injury, extent of the injury, and other factors. Compensatory damages are intended to put the injured party in the same position they were before the injury, to the extent possible.
Damages for a personal injury lawsuit include medical expenses, both past and future. Damages also include lost wages for the time the injured individual was not able to work. However, damages can also include the loss of future earning capacity. The employment experience for most people includes a series of advancements, promotions, and raises. Unfortunately, an injury can change this normal course of employment advancement.
Loss of earning capacity refers to the limitations that impact an individual's life after they were injured. This could involve an individual who is no longer able to do the basic tasks of their current job, and face a downgrade in position and pay. It could also relate to limitations on future job opportunities. A serious injury can significantly limit an individual's future job prospects for the rest of their life.
Under Pennsylvania law, the plaintiff in a personal injury lawsuit can seek damages for their future loss of income potential. While it may seem like it could be difficult to determine how much the plaintiff may lose in future lost income, there are economic experts who specialize in these types of determinations. Your personal injury attorney may submit the facts of your case to an expert for analysis of how the injury has affected your future earning potential. They will provide a report based on their education and training, and offer testimony to a court as to how your injury may be limiting your future earning capacity.
The calculations for future earning capacity can depend on a number of factors. This includes the age of the individual, their level of education, job history, promotions, and other relevant factors. Future earning capacity can add up to millions of dollars over the years, depending on the individual. It is only fair that the injured party is compensated for how their future has changed as the result of the injury.
Contact Your Philadelphia Personal Injury Attorney
It can be difficult to establish damages for the loss of earning capacity in a personal injury lawsuit. It can involve a complicated calculation of the individual's education, work experience, and age. Your future loss of earning capacity may amount to more than you realize. This is why you need to talk to an experienced Philadelphia personal injury attorney to talk to you about your case. Your attorney will also guide you through the legal process and keep you informed of your case all along the way. If you or a loved one has been injured due to the negligent behavior of another person, please do not hesitate to call the Gilman & Bedigian team today for a free consultation.