Justice Demands Diligence

Calculating lost wages and earning capacity in a truck accident case

by | Jul 11, 2024 | Truck Accidents

According to recent reports, 6% of fatal crashes involve large trucks. When a truck accident happens, the impact can be serious and long-lasting. One of the biggest challenges is the loss of income, which can lead to financial strain and uncertainty. If you cannot work due to injuries from a truck accident, the financial implications can be devastating.

Understanding lost wages and earning capacity

Lost wages refer to the income you would have earned if you had not been injured in the accident. This includes past lost wages, which are the wages you missed from the time of the accident to the present, as well as future lost wages, which are the potential wages you might lose in the future due to ongoing injuries or disability.

Earning capacity, on the other hand, refers to your ability to earn a living in the future. Injuries from a truck accident can make it difficult or impossible to perform job duties. Truck accidents can result in severe injuries, such as traumatic brain injuries, spinal cord injuries and amputations, which can all have a lasting effect on your earning capacity.

Calculating lost wages and earning capacity

Calculating lost wages and earning capacity requires a thorough understanding of your employment history, medical records and expert testimony. Here are four key factors that you must consider:

  • Past job history and salary
  • Medical records and expert opinions
  • The impact of injuries on daily life and ability to work
  • The cost of future medical care and treatment

This process is complex and requires careful attention to detail. If you suffered injuries in a truck accident, seeking legal help is essential to ensure that you receive the compensation you deserve. With the right guidance, you can focus on your recovery, knowing that someone is looking after your financial future.

Remember, lost wages and earning capacity are critical components of a truck accident case. By understanding these concepts and seeking legal help, you can take the first step towards securing the compensation you need to move forward with your life.