What is lost earning capacity in California?
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Loading... - Franklin Leyton
- 06 Jul 2023
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It aims to compensate the injured party for the income they are likely to lose in the future due to the limitations imposed by their injury or disability.
Loss earning capacity refers to the reduction or impairment of a person's ability to earn income as a result of an injury or disability. It represents the financial impact caused by an individual's diminished capacity to work or generate income compared to their pre-injury or pre-disability state.
Loss earning capacity takes into account various factors, including the individual's occupation, skills, education, work experience, and potential career trajectory. It considers the potential income that the person would have earned had the injury or disability not occurred. This assessment typically involves evaluating the person's past earnings, employment history, and earning potential based on market conditions and industry trends.
When seeking compensation in a personal injury claim or lawsuit, loss earning capacity is an important element of damages. It aims to compensate the injured party for the income they are likely to lose in the future due to the limitations imposed by their injury or disability. Loss earning capacity calculations may involve expert opinions, vocational assessments, and economic projections to determine the extent of the financial impact.
It is crucial to work with an experienced Los Angeles personal injury attorney who can accurately assess and present the evidence related to loss earning capacity in order to seek fair compensation for the economic consequences of the injury or disability.
