Compensated for Lost Earning Potential After an Accident?

Can You be Compensated for Lost Earning Potential After an Accident?

Aug 01,2017

If you’ve been seriously injured in an accident, there is a good chance you could experience lost earning potential. This is also known as loss of future earnings. Lost earning potential is defined as either a decrease in your ability to earn an income, or the complete inability to earn wages due to your injury.

According to the Centers for Disease Control and Prevention (CDC), mobility related disabilities are the most common types of disabilities. These are disabilities that prevent a person from using one or more extremities, or from being able to walk, grasp or lift objects.

However, having a disability does not automatically qualify a person for compensation for lost earning potential. The disability must have resulted from the accident. It must also be a long-term injury that will continue to affect you in the future. Additionally, the disability must have caused your lost earning potential.

How do You Prove Lost Earning Potential?

Calculating lost earning potential can be complex. While lost wages can be determined using data from pay stubs, loss of future earnings is not so clear-cut. Your attorney must prove the total amount you will lose over the course of your work life. This will vary based on your age and other demographics, as well as the nature of your occupation. Your attorney will also need to account for expected raises and inflation.

Loss of future income might seem like a daunting topic, but don’t be intimidated. Your experienced personal injury attorney can help you determine the compensation you are entitled to due to your injuries.

“Lost earning potential is perhaps even more important to fight for than lost income when it comes to a long-term disabling injury. Our firm is dedicated to helping our clients get fair compensation for the injuries they’ve suffered,” said Attorney Walter Clark, founder of Walter Clark Legal Group.

Our firm has been handling personal injury cases throughout the California Low Desert and High Desert communities for over 30 years. With a 95% success rate, the California personal injury attorneys at Walter Clark Legal Group will fight to hold those responsible for your loss accountable and win compensation to cover medical bills, lost wages, and pain and suffering. If you have been injured and want to discuss your legal options, contact us today for a free consultation with an experienced personal injury lawyer. We have offices in Indio, Rancho Mirage, Victorville, and Yucca Valley and represent clients through the entire California Low Desert and High Desert communities.

DISCLAIMER: The Walter Clark Legal Group blog is intended for general information purposes only and is not intended as legal or medical advice. References to laws are based on general legal practices and vary by location. Information reported comes from secondary news sources. We do handle these types of cases, but whether or not the individuals and/or loved ones involved in these accidents choose to be represented by a law firm is a personal choice we respect. Should you find any of the information incorrect, we welcome you to contact us with corrections.