Loss of Earning Capacity in Injury Claims:
Loss of Earning Capacity in Injury Claims
Hi! Tyson Mutrux with the Mutrux Law Firm. Today I want to talk about something that really frustrates me when it comes to people missing out on valuable parts of their claim, whether it be an auto accident claim or some other type of injury. That’s loss of earning capacity, and I’ll tell you, a lot of attorneys miss this as well.
Something you need to calculate into your demands in your negotiations with the insurance company is loss of earning capacity. So, if your injury has limited the amount of work you can do or the type of work you can do, you can have an economist calculate that, how that affects you over the lifetime or over your work life, and that’s based upon a lot of different factors. If you’re out looking to your type of job, your education, your earning capacity, things like that, they need to be calculated by an economist. Some attorneys like myself, we can actually do calculations for you, but a lot of insurance companies aren’t gonna take that seriously and tell you have an economist do that for you, which is an additional fee, it is, but it will actually help you quite a bit when it comes to calculating those damages.
So, if you have questions about calculating your loss of earning capacity, just give us a call at (888) 550-4026 or check us out at www.mutruxlaw.com. Thanks for watching. Have a great day.