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Economic Loss

Economic loss is the financial loss resulting from permanent disability of a family’s wage earner. Economic loss payment (ELP) are the benefits that an injured worker can avail to compensate for their loss in income. Earning capacity post-injury is assessed and long-term compensation determined. ELP is reviewed annually until retirement to aptly adjust for instances that could affect a worker’s capacity to earn. This may include higher earnings due to promotion or lower earnings in view of deterioration of work injury.