Understanding Lost Earning Capacity Caused by a Catastrophic Injury 

 Posted on February 15,2023 in Personal Injury

In personal injury law, the term "catastrophic injuries" refer to injuries that have a profound impact on the victim's quality of life and ability to function. Severe brain injuries, spinal cord injuries resulting in paralysis, amputations, and burn injuries are some examples of catastrophic injuries an individual may suffer in an accident.

Individuals who sustain catastrophic injuries in a car accident, construction site accident, recreational vehicle accident, or because of negligent medical treatment often require extensive medical care and therapy. In some cases, the individual may never be able to work in his or her chosen profession again.

If you or a loved one suffered a catastrophic injury, you might be entitled to compensation for the impact the injury had on your earning capacity.

Financial Reimbursement for Reduced Earning Potential Caused by a Serious Injury

A catastrophic injury can leave an individual with a lifetime of lost income and diminished earning capacity due to the inability to return to their former employment. This means that in addition to the pain and suffering endured, the victim's future financial security is also compromised.

However, in a personal injury claim, those who have suffered catastrophic injuries may be compensated for their lost earning potential. The amount of compensation an injured person could receive varies from case to case. Lost earning capacity is calculated based on a variety of factors, including the type of injury and its effect on the victim's ability to earn a living. Additionally, factors such as the victim's age, work history, experience level, educational background, and potential for future earnings are also considered.

Testimony from experts is often a crucial piece of evidence in a claim for diminished earning potential. Doctors and medical specialists may provide professional opinions on the victim's long-term prognosis and ability to work. Vocational experts may provide an analysis of the damage done to the victim’s earning potential based on different employment scenarios in the future.

If you or a loved one has suffered a catastrophic injury caused by another party’s negligence, it is important to speak with an experienced personal injury attorney. A lawyer can help you understand all of your legal rights and options and work to ensure that any award or settlement you receive is fair and comprehensive.

Contact Our Champaign Catastrophic Injury Personal Injury Lawyers

Claims for lost earning capacity are complex, but our Springfield personal injury attorneys are up to the task. We can provide the dedicated legal representation and support you need. Call 888-826-8682 to set up a free initial consultation at Kanoski Bresney.

Source:

https://www.illinoiscourts.gov/courts/circuit-court/illinois-pattern-jury-instructions-civil/