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Future loss of earnings or wages refers to a class of damages awarded in a personal injury claim. These types of damages can be awarded in cases where the injury has permanently limited the plaintiff’s ability to earn wages. The plaintiff would then be entitled to recover the reduction in value of their earning capacity. Future loss of earnings is often referred as “loss of future earning capacity” or “impairment of earning power”. Income losses can be claimed, however, you cannot claim a loss of income for the first 7 days after an accident. You can receive only 80% of your net loss of income, less any accident benefits which are received. After trial, you can receive 100% of your gross loss of income.
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