When we think about someone being hurt in a car crash, fall accident, dog attack, or another injurious event, our first thoughts are often on the physical injuries the individual sustained. The physical pain and discomfort caused by an injury are certainly valid concerns, but they are not the only negative consequences of a serious injury. It is important not to lose sight of the fact that an injury can also have profound effects on a victim's ability to work and earn an income.
In Illinois, lost income and reduced earning capacity are both considered "economic damages" that can be recovered in a personal injury claim.
What is the Difference Between Lost Income and Reduced Earning Capacity?
The terms "lost income" and "reduced earning capacity" are often used interchangeably, but they actually refer to two different types of economic damages.
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