If you sustain an injury due to the negligence or intentional act of another person, you are entitled to recover for your medical costs, pain and suffering, and any economic losses. The most common economic loss is missed wages due to time off from work, but there are other economic losses your Dallas personal injury attorney might be able to recover. Two that can come into play in cases involving more severe injuries are forced early retirement or sale of a business.
A serious injury can shorten a person’s expected work life. The amount of money at issue in such a case is often significant, because these wages would have been earned at the end of your career—when your earning capacity is at its highest. If an injury is expected to shorten your working years, your Dallas personal injury attorney will need to have a doctor document the effect that your injury has on your work life expectancy. If the case goes to trial, it may also be necessary to have an economist testify about how much you would have earned in the later years of your career, taking into account various factors such as your geographic location, education, work experience, and what industry you are employed in.
Premature Sale of an Asset
Another economic loss that is sometimes overlooked in personal injury cases is the forced sale of a business or other asset. Your injury might generate high medical bills so that you need cash upfront. Or the injury may be so disabling that you are unable to continue running your business. Either way, selling a business before you were ready to do so can mean a significant economic loss. This is a complicated issue, and you will need an economist or industry consultant to testify if your Dallas personal injury lawyer is going to raise this issue at trial.
If you have been injured, make sure your rights are protected. Dean Malone can help you recover the full amount to which you are entitled. Call (214) 670-9989 to learn more.