How Does Lost Income and Earning Capacity Impact my NJ Personal Injury Case?

Victims of accidents and careless or negligent actions of others are entitled to seek compensation by filing a personal injury claim.  A personal injury claim seeks to restore costs associated with the injuries sustained, as well as non-monetary damages like pain and suffering.  The purpose behind the claim is to restore your life to the degree possible to what it was before you were injured.  Some serious injuries, especially injuries to the back and spine, can prevent you from working for extended periods of time, and in some instances cause you to be unable to continue in your current line of work.  The damage to your ability to earn and care for your family is directly related to your accident, and as such entitles you to seek compensation for it.  An experienced personal injury attorney can help you to prove these losses and acquire the best settlement possible.

Lost Income Attorneys Fight for Injured Clients in Mercer County NJ

Lost income is usually fairly simple to calculate in a personal injury claim.  If an accident leaves you unable to work for a period of time, or causes you to miss work because of medical appointments, your lost income is simply the amount of time you missed at work multiplied by your rate of pay.  Additionally, lost income claims can compensate you for vacation time you were forced to take as a result of your injuries.  

For those who are self-employed, you are also entitled to seek lost income compensation, although calculating the amount owed is somewhat more complicated.  If you hired someone to cover your work while you were injured, then obviously the costs associated with hiring and paying them can be compensated.  If your business lost expected income, you can use statements and tax records from previous financial quarters to demonstrate how much you had expected to earn and seek compensation based on that as well.

Loss of Earning Capacity Lawyers Princeton NJ

Loss of earning capacity refers to when an accident leaves an individual permanently unable to perform duties expected of them in their chosen profession.  So much so that they are must find a new profession in order to continue working.  When this is the case, the victim can claim damages for the expected future income lost due to their loss of earning capacity.  Loss of earning capacity also can apply if your accident caused you to miss an opportunity for advancement or a promotion.  The loss of additional income from these positions, as well as the loss of increased health benefits, retirement options etc can all be added as part of your personal injury claim.

Contact an Experienced Trenton NJ Personal Injury Attorney

It can often seem like an overwhelming task to determine the true value of your loss of earning capacity, but this is why having a personal injury lawyer can be of great value.  A personal injury attorney will consult with economists and professional experts to determine the correct value of future monetary losses as a result of your accident.  Along with these experts, your lawyer will be able to show to the courts an accurate prediction of your loss of earning capacity and lost wages, backed up by solid evidence and expert testimony.
There are many other hurdles along the way when pursuing a personal injury claim, but with the right team of personal injury attorneys, anything is possible.  With offices in Trenton NJ, Newton PA, and Pennington NJ, the law offices of Kamensky, Cohen, & Riechelson are ready to fight for your future today.  Our seasoned attorneys represent victims and families of all kinds of accidents and negligence, including: car accidents, truck accidents, slip and fall, construction accidents, premises liability, product liability, and bicycle and pedestrian accidents.  

If you or a loved one has been injured as a result of another party’s negligence, please contact us online or in our Trenton NJ offices today at 609-528-2596 or Toll Free at 888-979-6871 for a cost-free consultation.