Seattle, WA: 206-521-5676 Olympia, WA: 360-236-8748 Portland/Salem, OR: 503-768-9742 Info@SolutionsNW.com
Earning Potential: What Does Personal Injury Earning Capacity Mean

Earning Potential: What Does Personal Injury Earning Capacity Mean

Earning Potential: What Does Personal Injury Earning Capacity Mean

Medical costs in the United States are notoriously high with an average visit to the ER costing about $2,200.00 with insurance. Add a sudden, severe injury on top of that. A personal injury victim could be looking at a tough financial mountain to climb.

Apart from the physical and financial stress, this type of sudden uncertainty can lead to unnecessary amounts of emotional stress as well. The change in income that results from a personal injury can be significant. Legal help and expert testimony can make all the difference for an individual dealing with this type of scenario.Contact Vocational Consultants for Assessments on Worker Compensation Seattle Washington

In this vocational blog article, we’ll discuss what personal injury earning capacity is for an individual and how it relates to earning potential in general.

Earning Potential vs. Income

Loss of income differs slightly from loss of earning capacity. Loss of income is essentially the exact amount of income lost as a result of time taken off from work due to an injury. In the case of a personal injury victim, recovering compensation for lost wages is possible.

Loss of earning capacity, or loss of earning potential, is slightly different. Lost earning capacity is when a personal injury victim’s ability to earn income has been reduced or taken away entirely. To determine the overall impact this loss has on an individual can be difficult.

Impact

Take for example a delivery driver who delivers heavy boxes of groceries for work. When they are suddenly out of work due to an ankle injury because of an upturned crack in the sidewalk, the financial impact from the worker’s loss of income may correlate to days taken from sick leave or paid time off.

However, maybe that same delivery driver is out of work because a drunk driver hit their car. Now the driver has to have surgery. The loss of earning capacity is more difficult to pinpoint in this case. This is because the injury is more extensive and the future time spent in that job is not as certain.

Proving loss of earning capacity in this scenario would need to include testimony from expert witnesses, current wages, work-related experience, and more.

Items of Note

If someone happens to be a victim of an injury, proving a future amount of earned money could include anything from future raises or responsibilities, expected working years left, or potential promotions.

These various factors will help determine future compensation with respect to loss of earning capacity.

These all encompass the economic hardships that an individual can expect to suffer through the tenure of their working life. By taking into account all necessary factors to the case at hand, an individual’s personal injury rights are taken care of under the Tort Law umbrella.

Every Business Should Retain Vocational Experts

If your business or someone you know could benefit from help with issues surrounding  personal injury in the workplace, our Vocational Consultants at Solutions Northwest Inc. are available Monday through Friday to offer help. We offer comprehensive personal injury assessments to determine an individual’s ability to work and their future earning potential.

Please feel free to utilize our contact form here for more information.

If you want to speak to a vocational consultant, the vocational experts at Solutions Northwest Inc. can help. Contact us today to learn more about what’s involved in the process.

Our vocational experts are involved in personal injury, workers’ compensation, family law and can provide vocational expert witness testimony.

Contact us today to make an appointment.

Subscribe to our blog for more work related tips from Solutions Northwest, Inc., experts available in: Seattle, WA, Tacoma, WA, Olympia, WA, Vancouver, WA, Kent, WA Renton, WA, Beaverton, WA.

Contact the Vocational Consultants at Solutions Northwest Inc. Below:

Multiple Locations

Corporate Office: 120 State Ave. NE #397
Olympia, WA 98501
Business Hours: 8am-5pm M-F
Corporate FAX: 360-866-4773
Email: Info@solutionsnw.com

Seattle, WA

206-521-5676

San Diego, CA

877-976-9462

Portland/Salem, OR

503-768-9742

Olympia, WA

360-236-8748

Contact our Vocational Consultants

How Personal Injury Earning Capacity Works

How Personal Injury Earning Capacity Works

How Personal Injury Earning Capacity Works

When someone suffers personal injury in an accident, their capacity to work and earn a living will be affected. Proving and calculating lost earnings is difficult, but it is an important part of a claim. This is where vocational personally injury experts step in.

Read our guide below for an overview of the personal injury earning capacity process.

What is lost earning capacity?

Lost earning capacity is a limitation on an individual’s capacity to earn an income due to personal injury. This occurs when an injury is very severe and results in a disability. This is especially relevant if the injury required the individual to change careers.

Lost earning capacity can also come into play when the injury requires the individual to take significant time off work. Compensatory damages are awarded for the economic losses the victim will suffer until the end of their career.

Contact Vocational Consultants for Assessments on Worker Compensation Seattle WashingtonWhat about lost wages due to personal injury?

Loss of earning capacity is distinct from wages lost as a result of an injury. After an injury, it is common for the victim to lose time from work as they recover and attend medical appointments.

A victim will have to use their sick leave or vacation time in these instances but there are some compensations available. Lost wages differ from lost earning capacity because lost wages are based on specific losses. Lost earning capacity tries to identify the impact on the victim’s ability to earn following the injury.

Loss of earning capacity is difficult to prove.

To determine lost wages, you look at employment records and identify the number of missed workdays. You cannot do this for loss of earnings. To calculate the loss of earning capacity we must make predictions about the victim’s future working capacity and potential earnings.

Further, to receive any type of compensation in a personal injury case, one will need to prove the defendant was responsible via negligent actions.

Calculating loss of earning capacity.

The most common evidence used to prove the loss of earning capacity is expert witness testimony. An expert witness will review work history and make estimates about likely future earnings before and after the accident.

This vocational legal expert will consider education, experience, skills, and how one might perform in other jobs. They will also consider the current and future market values and wages and salaries.

The compensatory damages received for loss of earnings will represent the difference between one’s estimated future earnings, before and after the injury.

Reach out to a vocational expert for more guidance.

Suffering a personal injury from an accident can have life-changing implications. One’s ability to work and earn a living is a significant factor to be aware of when recovering from injury.

Consider contacting a vocational expert to learn more. At Solutions Northwest Inc., we can help you find a vocational expert or give you general vocational consulting. Our vocational experts are involved in personal injury, workers’ compensation, and family law.

If you need our guidance, our legal experts are ready to guide you through the process.

Contact us today to make an appointment.

Contact the Vocational Consultants at Solutions Northwest Inc. Below:

Multiple Locations

Corporate Office: 120 State Ave. NE #397
Olympia, WA 98501
Business Hours: 8am-5pm M-F
Corporate FAX: 360-866-4773
Email: Info@solutionsnw.com

Seattle, WA

206-521-5676

Olympia, WA

360-236-8748

Contact our Vocational Consultants

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