Miami Personal Injury Attorney Explains Economic Damages
Construction injuries are often catastrophic and can severely limit a person’s ability to earn meaningful income. In this video, Florida personal injury attorney Patrick Montoya explains how economists measure economic damages in cases where construction accident victims lose the ability to work and support a family.
In construction accidents, oftentimes a question that we’re asked is, “How do I know what the case is worth?” And one of the things that we look at is lost earning capacity, or lost wages. If your loved one has passed away or is severely injured where they can no longer work, how are they able to get compensation for that? One of the things we do is we hire a team of expert economists that will investigate the claim to see what their wages were and then be able to project into the future what their wages would’ve been 5, 10, 15, 20 years from now, whatever amount of time that they would’ve worked. It can be a complicated formula. We take into account that people would’ve been promoted, that they would’ve made more money over time as inflation goes up and they get better at their job. So taking into consideration all those factors, our experts are very important, we have a team of experts that we work with, and we will do our best to make sure that you receive full compensation for your family or your loved one’s injuries.
For more information, you can contact Colson Hicks Eidson at our website, colson.com.