Loss of Income and Earning Capacity

Fighting for the Full Financial Recovery of Our Injured Clients

If you are injured in a car accident, you may incur a wide array of damages. Along with medical expenses and pain and suffering, lost wages and earning capacity should not be overlooked. Car accidents can greatly impact your ability to earn a living, contributing to missed days from work and lost work opportunities. These damages may be recoverable from the negligent driver that caused your injury.

Lost Income

You may be entitled to reimbursement from the party responsible for the accident for any income you have lost because of your injuries. Your lost wages should be carefully calculated and documented through pay stubs or a letter from your employer. If you are self-employed, proving lost wages can be more complicated, but with evidence of billing and invoices and carefully documentation, you may still be able to obtain a full recovery for the income you have lost.

Sick Leave and Vacation Pay

If you were forced to use your sick pay or vacation days due to the injuries you sustained, you may be reimbursed for this time. Losing sick and vacation pay is the equivalent of losing income and can be reimbursed at the same rate. You will need to provide evidence of the amount of time off work you missed due to the accident and how much money you would have made during this period.

Lost Earning Capacity

Car accident victims that sustain serious injuries in an accident may no longer be able to perform some tasks that their job demands. Any loss in the ability to earn an income is called lost earning capacity. If you suffer a serious injury that affects your future earning capacity, you may be compensated for this sum along with your lost wages. It can be difficult to calculate your lost earning capacity. Evidence of lost earning capacity may include a doctor’s opinion on your injury and its long term effect, a profile of your work experience and professional skills, and estimates of your possible lost income in the future. A licensed and experienced car accident attorney will review the facts surrounding the accident, evidence of your work related losses, and more to assist you in seeking the full compensation to which you are entitled.

Zealous Chicago Car Accident Attorneys

If you have been injured in a car accident, contact the Chicago Car Accident Attorneys at Stein & Shulman, LLC. Our firm has handled all manner of personal injury cases, including accidents with considerable damages. We have achieved over 40 million in settlements and verdicts for our valued clients. Our dedicated automobile accident attorneys fight to see that our injured clients receive the full compensation to which they are entitled in a personal injury lawsuit. Contact us today for a free consultation with one of our experienced car accident lawyers at (312) 422-0509 or by filling out a free contact form online.