If you have suffered an injury and cannot return to work this means that you are going to lose wages going into the future. This is called future economic loss.
In a common law damages claim, you can seek recovery of your future economic loss. If you think about it, if you still have 10, 15 or 20 years before reaching retirement age, but you can’t return to work then there is a significant future economic loss which you can recover.
Even if you can return to work, if you are unable to work as much as you used to, then you can claim damages for your reduced earnings. Usually, in a common law damages claim the future economic earnings loss is by far the biggest component of the damages amount.
We often get asked, “how do I calculate my economic loss?” This no-nonsense guide explains it all.
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