How Your Job Affects Your Personal Injury Settlement
Many injured victims want to know how much money they stand to receive from a settlement. This is never an easy question to answer, as there are so many different factors that might go into the final decision. Each case is different, and it’s almost impossible to say how much you’ll receive without knowing the full details of your situation. With all that said, you can start to understand how a settlement is calculated by learning more about the various factors involved. One of the most important factors that might affect your settlement is the type of job you have.
If you’d like to learn more about how much your settlement might be worth, get in touch with a qualified, experienced personal injury attorney as soon as possible. These legal professionals can provide you with a much more accurate estimate during your consultation. If you’re ready to move forward with a lawsuit or claim, your attorney can then guide you forward in an effective, confident manner.
Consider Your Earning Capacity
How much money do you earn in a single week? If your injury puts you out of work for an extended period of time, you might be facing considerable losses in missed wages. Let’s say you earn $100,000 a year. Even if your injury causes you to miss work for a single week, this could result in over $2,000 in missed wages. You might even earn millions each year from a high-paid executive position. If this is the case, a month of missed work might even result in six-figure losses. Of course, you might also be earning significantly less. If this is the case, your settlement would reflect this lowered earning capacity.
How Physically Demanding is Your Job?
If your work is physically demanding, an injury can have a much greater impact on your earning capacity. Let’s say you work as a farm laborer. A broken leg might require you to miss work for months. But what happens if you’re that seven-figure-earning corporate executive we mentioned earlier? Well, courts may decide that a broken leg doesn’t really prevent you from doing your job. After all, these individuals mostly sit behind desks for most of the day.
You should also consider whether your work is extremely delicate in nature. For example, you might be a craftsman who works with your hands. Perhaps you’re a traditional watchmaker. Or maybe you’re a guitarist. Even if you suffer a relatively minor injury to your hands, it may prevent you from earning an income. In some cases, you may be permanently unable to carry out the same job due to nerve damage or reduced flexibility. That same hand injury might have virtually no effect on the earning capacity of a telephone salesman.
Do You Rely on Your Personal Image for Work?
Finally, you should consider whether you rely on your personal image for work. Perhaps you’re an actor, a TV news reporter, or even a YouTuber. A disfiguring scar might have a considerable impact on your earning capacity. In contrast, that same scar might have no effect on the earning capacity of a freelance writer who works from home every day.
Book a Consultation Today
For help from a skilled Scranton personal injury attorney, contact the Needle Law Firm. We are committed to helping injury victims in the Keystone State, and we can help you pursue a settlement that reflects the true nature of your damages. An injury can seriously affect your employment, and you should receive compensation for this. Book your consultation today, and we can immediately begin working on an action plan for you.