Loss or Reduction of Future Earning Capacity
Posted By Garrett Riley || Sep 10, 2012
A person who is injured in a car accident or some other type of accident because of someone else’s negligence may be entitled to receive compensation for their loss or reduction of future earning capacity. In Florida, this is compensation for injured persons who can never fully return to their pre-accident income earning ability at their Job or career because of injuries sustained in the accident.
It may also compensate those who may never reach their full earning capabilities because of an accident. In determining an award for loss of future earning capacity, the jury considers multiple factors, including the plaintiff’s age, education, health, talents, skills, occupation, surroundings, and earnings before and after the injury. There are also other factors to consider such as opportunities for career advancements and promotions.
A permanent personal injury is not required to collect for loss of future earning capacity, however lack of a permanent injury can support the denial of a loss of future earning capacity claim. In order to prove loss of future earning capacity there must be reasonable evidence that the capacity to labor has been diminished from injury and that there exists a monetary standard to measure the future loss. Usually, an economist or vocational expert is needed to prove how the loss of future earning capacity should be calculated. Contact a personal injury attorney today if you’ve been injured in an accident and cannot fully return to your Job or career about a loss of future earnings claim.