What If I Have to Take a Lower-Paying Job Because of My Injuries?
If you are unable to perform your job and have to switch to a lower-paying career due to your injuries, you will have a claim for loss of earning potential. The value of your lost earning potential will be the difference between what you were making and how much you will make in the lower-paying career.
The calculations get tricky here because we will have to show how much money you would have made over the course of your working life in your previous career as well as how much you will earn during the rest of your working life with your impairments.
How Can Losing a Job or Missing Work Impact Me in Other Ways?
Missing time at work, having to switch jobs, or being unable to work altogether can mean that you miss out on more than income. Depending on your employer, you could also experience:
- Lost or reduced pension or retirement, including employer matching funds. If you are no longer working or if you are earning less money, you are not paying as much, (if anything) into your retirement account.
- Loss of benefits, such as medical, dental, and vision insurance; life insurance; free on-site daycare; paid vacation; paid parental leave; paid sick days; paid holidays; gym membership; and education subsidies.
Your personal injury claim should account for these additional work-related losses when seeking compensation for injury-related damages.
If you sustained injuries in an accident that was not your fault, call the personal injury team at the Law Office of Jason R. Schultz, P.C. We are standing by at 404-474-0804 to take your call and set up your free consultation.