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Types of Economic Recovery

Lots of those workers who are injured in New York City construction accidents understand how the state of New York may view their compensation for medical bills, but they may have less of an understanding of other types of compensation often called “economic recovery.” Below are some of the specific types of economic recovery that lawyers often tell their clients about because those without legal experience have no idea that they may be entitled to such compensation under New York State law.

Lost Wages and Lost Earning Capacity

Courts will often look at both lost wages between the time of injury and settlement, as well as lost earning capacity, or simply put, the overall ability to earn that the person would’ve had if he or she had not been injured. These short-term and long-term economic outlooks are part of what frames a personal injury case – lawyers look at the full context of the case and assess the entire picture (including likely future results) to put together a number that represents fair compensation.

Pain and Suffering

For this type of compensation, courts look at the nature of the injury and how painful it would generally be. Painful injuries can generate significant awards in terms of pain and suffering, but too many defendants view this as “too abstract” or try to downplay the justification for pain and suffering. Some injured victims fall into the trap of not pressing for this compensation. Injury lawyers help to assess where pain and suffering might be valid under the law.

Loss of Consortium

This type of economic recovery regards the marital situation of the injured party. It looks at the relationship between two spouses and how an injury can affect it. Either of the spouses, or both, may elect to add this sort of compensation to a case and the outcome will depend on several factors, including the life expectancies of the spouses, the stability of the marriage relationship and the ways in which these two individuals typically interacted prior to the injury. When injury victims fail to ask for loss of consortium due to inexperience with the law, they may be losing out twice.

Cost of Household Services

This is another specific type of compensation that can be easily overlooked but applies to the majority of injury victims. This area of compensation focuses on the ability of a worker to maintain his or her household. In this type of economic recovery, courts have to look at how any injury suffered at work will relate to the physical activities that are reasonably done to take care of a property. Things like mowing a lawn, raking leaves, doing laundry or doing minor home improvements may be considered, as well as maintaining home systems such as plumbing and HVAC systems or dealing with trees and landscaping. Although defendants may see it as frivolous or unimportant, economic recovery for costs of household services actually serves the community by making sure that an injury victim doesn’t end up neglecting a property.

You Can Rely on Our New York City Catastrophic Injury Law Firm

Construction workers injured in the New York City area can contact the personal injury and construction accident lawyers at Rosenberg, Minc, Falkoff & Wolff. Our experienced lawyers will listen to your concerns and help you assess an injury case to take advantage of your rights under the law.

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April Johnson
April Johnson
15:54 30 Jun 23
Easy access to thr firm with a very nice Lawyer
Benjamin Roussey
Benjamin Roussey
19:03 29 Jun 23
No firm gets it done like RMFW. They are the best.They are awesome - for sure.
Roberto Martinez
Roberto Martinez
19:02 24 May 23
I’ve been in the personal injury field as an investigator for 29 years. All in New York City. Out of all the hundreds of Law Firms I’ve worked with, Rosenberg Minc Falkoff & Wolf, would have to be at the very top of my list. Amazing staff great attorneys.If you want the job done right, these are you guys.
Julio Ochoa
Julio Ochoa
20:49 18 May 23
I highly recommend Rosenberg, Minc, Falkoff & Wolff, LLP for their outstanding assistance in obtaining a settlement for an Erb's Palsy birth injury case. Their knowledge, dedication, and compassionate attitude were important in attaining a successful end. Their professionalism and assistance were simply outstanding from beginning to end. I am deeply thankful for their representation and would enthusiastically recommend them to anyone seeking justice in a similar situation.
Aisha Neri
Aisha Neri
20:29 18 May 23
I recently had the privilege of working with Rosenberg, Minc, Falkoff & Wolff, LLP on my daughter’s birth injury case involving Erb's Palsy, and I cannot express enough gratitude for their exceptional legal services. From the initial consultation to the successful settlement, they demonstrated profound expertise, unwavering dedication, and genuine compassion for my family's situation.From the very beginning, the team proved their commitment to justice. They thoroughly investigated the circumstances surrounding my child Erb's Palsy birth injury, leaving no stone unturned. Their extensive knowledge and understanding of medical malpractice law, coupled with their deep expertise in birth injury cases, provided us with tremendous confidence in their ability to handle our case.The attorneys at Rosenberg, Minc, Falkoff & Wolff consistently displayed exceptional professionalism and attention to detail throughout the entire legal process. They meticulously gathered evidence, consulted with medical experts, and built a compelling case that clearly outlined the negligence and liability on the part of the medical professionals involved. One aspect that truly stood out was the genuine care and compassion exhibited by Daniel Minc, Lorraine Licul, and the entire team at Rosenberg, Minc, Falkoff & Wolff. They treated us not just as clients but as individuals with unique emotions and concerns. They took the time to listen attentively to our worries, provided constant updates on the progress of our case, and promptly responded to our inquiries, ensuring we felt supported and reassured throughout the process. Their empathy and understanding made an immeasurable difference during such a challenging and emotionally taxing time.When it came time to negotiate a settlement, Daniel Minc demonstrated remarkable skill and tenacity. He fought fiercely on our behalf, advocating for fair compensation to cover any potential long-term effects of Erb's Palsy on my child's life. His negotiation skills were truly impressive, as they secured a settlement that exceeded our expectations and provided the financial resources necessary to support my child's future needs.I cannot recommend Rosenberg, Minc, Falkoff & Wolff highly enough to anyone seeking legal representation in Erb's Palsy birth injury cases or any other medical malpractice matters. Their extensive experience, unwavering dedication, and empathetic approach make them an exceptional choice for families navigating the complexities of birth injury litigation. Thanks to Rosenberg, Minc, Falkoff & Wolff, my family now has the means to provide the best care and opportunities for my child's future.If you are seeking a law firm that combines legal expertise with genuine compassion, look no further than Rosenberg, Minc, Falkoff & Wolff, LLP. They will tirelessly fight for your rights and ensure your voice is heard, providing you with the support and justice you deserve.
Aoki R
Aoki R
17:14 17 May 23
I highly recommend Rosenberg, Minc, Falkoff & Wolff, LLP. They are a team of dedicated professionals fully committed to their clients. I have witnessed the firm's amazing work ethic in my experience with their attorneys and Lorraine Licul. Lorraine is a knowledable, empathetic and results-driven professional. Minc is an excellent attorney and I greatly appreciate the firm's expertise.
Michael Levites
Michael Levites
17:42 12 May 23
I have recommended this firm to some of my friends and I heard back only positive feedback about the client responsiveness, diligence and hard work put in by these attorneys. I will continue to refer anyone who suffered a personal injury to Rosenberg Minc..
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