After a car accident, it may take you a number of weeks or months to recover from your injuries. During this time, you will incur medical expenses and you may also lose income as you may be unable to work while you recover. These types of damages are recoverable in a personal injury claim or lawsuit.
Unfortunately, many car accidents result in permanent injuries, which may also affect your future earnings. A question we are often asked is “Can I recover for the loss of future earnings?” The simple answer to this question is “yes”; however, determining what your loss of future earnings is is not as simple.
How Do You Calculate Loss of Future Earnings?
Many people think that calculating a loss of future earnings is as simple as taking your current rate of pay and calculating it out until your anticipated date of retirement. This is not the case. Future earnings loss is not defined by your current earnings, as your current earnings do not accurately reflect your future earning potential. To more accurately estimate future earnings loss, the calculation must also include other factors, such as your past educational and work experience, the earning potential in your industry, and your remaining work time before retirement.
If your injury prevents you from continuing to work in the same industry, your past educational and work experience will be important in determining if there is another industry that you are suited to work in. Often times, a person may need some additional education or training to work in another position or industry. These factors are also evaluated in calculating your loss.
To best calculate your loss, it is important that you hire an experienced Apollo Beach personal injury attorney. An experienced personal injury attorney will be able to find you the right expert that you will need to maximize your recovery for your damages, including your future earnings loss.
The attorneys at SouthShore Injury Attorneys are experienced in representing personal injury cases throughout the State of Florida. If you’ve been injured as a result of someone else’s negligence, contact SouthShore Injury Attorneys at (813)419-3866 for a free consultation.
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