Recovering lost earnings after you’ve been injured in an accident and missing work is often unavoidable. While some individuals return to work quickly, others may face long-term or permanent challenges that affect their ability to earn a living. Nevada law allows injured parties to seek compensation for both lost wages and lost earning capacity, ensuring their financial security after an accident.
Lost Earning Capacity vs. Lost Wages
- Lost Wages: Refers to the income you missed out on between the time of your injury and the resolution of your case. This is straightforward to calculate using pay stubs, work schedules, or other documentation of missed income.
- Lost Earning Capacity: Represents the potential income you would have earned had the accident not occurred. It’s a projection based on factors like career trajectory, promotions, and industry growth.
Unlike lost wages, which measure past income loss, lost earning capacity focuses on your future earning potential.
Proving Lost Earning Capacity
Proving lost earning capacity involves presenting evidence that demonstrates how your injury impacts your ability to work in the future. Considerations may include:
- Pre-injury earnings and job performance.
- Career prospects and opportunities for promotions.
- Educational background and industry trends.
- Age, health, and years remaining in the workforce.
- Medical and vocational reports showing limitations or retraining needs.
Key Evidence to Support Your Claim:
- Employer Testimony: Verifying past earnings and career potential.
- Medical Professionals: Explaining the long-term effects of your injuries.
- Vocational Experts: Connecting your injuries to reduced earning capacity.
- Economists: Providing data on industry trends and earning projections.
Time Limits in Nevada
Nevada law sets a two-year statute of limitations for most personal injury claims. It’s critical to act promptly, even if the full scope of your lost earning capacity isn’t immediately clear. Courts allow for reasonable estimates of future losses when determining compensation.
How an Attorney Can Help With Lost Earning Capacity or Lost Wages
Navigating the complexities of a lost earning capacity claim requires expertise. We at Howard Injury Law are experienced in securing compensation for injured individuals in Nevada. Our team can:
- Evaluate your career and earning potential.
- Work with experts to strengthen your case.
- Advocate for maximum compensation to ensure your financial stability.
Let us expertly guide you through the legal process as your dedicated personal injury lawyer. From the initial free consultation to the resolution of your case, our experienced attorneys serve Nevada, California, Colorado, and Arizona, and are committed to providing comprehensive support and representation. We understand the complexities and challenges that come with personal injury claims, and we are here to ensure that your rights are protected every step of the way.
Free Consultation with Howard Injury Law:
📲 (702) 331-5722 M-F/9-5
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